Kentucky Revised Statutes

Ky. Rev. Stat. § 292.6509 (2026)

Nontestamentary transfer on death

✓ current as of May 2026

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(1) A transfer on death resulting from a registration in beneficiary form is effective by reason of the contract regarding the registration between the owner and the registering entity and KRS 292.6501 to 292.6512 and is not testamentary.

(2) KRS 292.6501 to 292.6512 does not limit the rights of creditors of security owners against beneficiaries and other transferees under other laws of this Commonwealth. Effective: August 1, 1998 History: Created 1998 Ky. Acts ch. 407, sec. 9, effective August 1, 1998.

Notes of Decisions

Cited in 2 cases (1 in the last 5 years), 2015–2023 · leading case: Est. of McVey v. Dep't of Revenue, 480 S.W.3d 233 (Ky. 2015).

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Est. of McVey v. Dep't of Revenue, 480 S.W.3d 233 (Ky. 2015). “” KRS 292.6509. However, the property in this, account remains subject to inheritance taxes as if part of the estate, unless the beneficiary is exempt by statute.”

Donald Joe Sharp v. Samuel L. Sharp (Ky. Ct. App. 2023). “” KRS 292.6509; Id. (emphasis added). In this case, Eleanor and Samuel opened Securities Account 2600, a joint account with the right of survivorship.”

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