7 chapters · 216 sections in this title.
KRS § 457.310 Banks and other financial institutions
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Unless the power of attorney otherwise provides, language in a power of attorney granting general authority with respect to banks and other financial institutions authorizes the agent to: (1) Continue, modify, and terminate an account or other banking arrangement made by or on be…
KRS § 457.320 Operation of entity or business
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Subject to the terms of a document or an agreement governing an entity or an entity ownership interest, and unless the power of attorney otherwise provides, language in a power of attorney granting general authority with respect to operation of an entity or business authorizes th…
KRS § 457.330 Insurance and annuities
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Unless the power of attorney otherwise provides, language in a power of attorney granting general authority with respect to insurance and annuities authorizes the agent to: (1) Continue, pay the premium or make a contribution on, modify, exchange, rescind, release, or terminate a…
KRS § 457.340 Estates, trusts, and other beneficial interests
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(1) In this section, "estate, trust, or other beneficial interest" means a trust, probate estate, guardianship, conservatorship, escrow, or custodianship or a fund from which the principal is, may become, or claims to be, entitled to a share or payment. (2) Unless the power of at…
KRS § 457.350 Claims and litigation
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Unless the power of attorney otherwise provides, language in a power of attorney granting general authority with respect to claims and litigation authorizes the agent to: (1) Assert and maintain before a court or administrative agency a claim, claim for relief, cause of action, c…
KRS § 457.360 Personal and family maintenance
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(1) Unless the power of attorney otherwise provides, language in a power of attorney granting general authority with respect to personal and family maintenance authorizes the agent to: (a) Perform the acts necessary to maintain the customary standard of living of the principal, t…
KRS § 457.370 Benefits from governmental programs or civil or military service
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(1) In this section, "benefits from governmental programs or civil or military service" means any benefit, program or assistance provided under a statute or regulation including Social Security, Medicare, and Medicaid. (2) Unless the power of attorney otherwise provides, language…
KRS § 457.380 Retirement plans
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(1) In this section, "retirement plan" means a plan or account created by an employer, the principal, or another individual to provide retirement benefits or deferred compensation of which the principal is a participant, beneficiary, or owner, including a plan or account under th…
KRS § 457.390 Taxes
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Unless the power of attorney otherwise provides, language in a power of attorney granting general authority with respect to taxes authorizes the agent to: (1) Prepare, sign, and file federal, state, local, and foreign income, gift, payroll, property, Federal Insurance Contributio…
KRS § 457.400 Gifts
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(1) In this section, a gift "for the benefit of" a person includes a gift to a trust, an account under the Uniform Transfers to Minors Act (1983/1986), and a tuition savings account or prepaid tuition plan as defined under Internal Revenue Code Section 529, 26 U.S.C. sec. 529, as…
KRS § 457.410 Construction
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Nothing in this chapter shall be construed to authorize an agent appointed pursuant to a power of attorney to act or make decisions on behalf of the principal which are not related to the principal's property or finances.
KRS § 457.420 Statutory form power of attorney
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A document substantially in the following form may be used to create a statutory form power of attorney that has the meaning and effect prescribed by this chapter: KENTUCKY STATUTORY FORM POWER OF ATTORNEY IMPORTANT INFORMATION This power of attorney authorizes another person (yo…
KRS § 457.430 Agent’s certification
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The following optional form may be used by an agent to certify facts concerning a power of attorney: AGENT’S CERTIFICATION AS TO THE VALIDITY OF POWER OF ATTORNEY AND AGENT’S AUTHORITY State of _____________________________ County of ___________________________ I, _______________…
KRS § 457.440 Uniformity of application and construction
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In applying and construing this uniform act, consideration must be given to the need to promote uniformity of the law with respect to its subject matter among the states that enact it.
KRS § 457.450 Relation to federal Electronic Signatures in Global and National Commerce Act
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Act. This chapter modifies, limits, and supersedes the federal Electronic Signatures in Global and National Commerce Act, 15 U.S.C. secs. 7001 et seq., but does not modify, limit, or supersede Section 101(c) of that Act, 15 U.S.C. sec. 7001(c), or authorize electronic delivery of…
KRS § 457.460 Effect on existing powers of attorney
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Except as otherwise provided in this chapter, on July 15, 2020: (1) This chapter applies to a power of attorney created before, on, or after July 15, 2020; (2) This chapter applies to a judicial proceeding concerning a power of attorney commenced on or after July 15, 2020; (3) Th…