AN ACT relating to fiduciary bonds.

Amend KRS 395.140 to establish that a fiduciary bond shall be subscribed to before a notary; remove the requirement that the bond be attested by the clerk of the court; and make technical changes.

Bonds of Surety Circuit Clerks Courts, District Fiduciaries Technical Corrections Wills, Trusts, And Estates

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This bill changes the rules for how fiduciary bonds are signed and verified in Kentucky. A fiduciary bond is a legal guarantee that someone managing another person's estate or assets, such as an executor or trustee, will do so honestly. Under this bill, the bond would need to be signed before a notary public, and the current requirement for a court clerk to witness it would be removed. Who it may affect: people serving as executors, trustees, or other fiduciaries in estate and probate matters, as well as circuit court clerks.

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