140.120 Taxation of gifts to fiduciaries. - Kentucky Statutes

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140.120 Taxation of gifts to fiduciaries. If a testator bequeaths or devises property to one (1) or more personal representatives or
trustees in lieu of their commissions or allowances, or makes them his legatees to an
amount exceeding the commissions or allowances prescribed by law, the excess in value
of property so bequeathed or devised above the amount of commissions or allowances
prescribed by law in similar cases shall be taxable. Effective: October 1, 1942
History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4281a-27.