KY Underwriting Summary - Revision history

Alanfields: /* Vesting */

2021-02-24T17:11:07Z

‎Vesting

Alanfields: /* Spousal Joinder Requirements/Homestead */

2021-02-03T22:03:43Z

‎Spousal Joinder Requirements/Homestead

Alanfields: /* Power Of Attorney */

2021-01-21T19:10:26Z

‎Power Of Attorney

Alanfields: /* Vesting */

2020-12-31T21:56:08Z

‎Vesting

Alanfields: /* Time Limitations */

2020-08-13T15:58:31Z

‎Time Limitations

Alanfields: /* Spousal Joinder Requirements/Homestead */

2020-04-19T23:46:52Z

‎Spousal Joinder Requirements/Homestead

Alanfields: /* Probate */

2019-12-12T20:24:27Z

‎Probate

Alanfields: /* Time Limitations */

2019-08-21T18:56:09Z

‎Time Limitations

Alanfields: /* Time Limitations */

2019-08-20T20:40:48Z

‎Time Limitations

Alanfields at 22:03, 4 April 2019

2019-04-04T22:03:40Z

← Older revision		Revision as of 17:11, 24 February 2021
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	Language conveying to the two grantees “jointly and to the survivor” is sufficient to establish survivorship. Sanderson v. Saxon (Ky. 1992) 834 S.W.2d 676.		Language conveying to the two grantees “jointly and to the survivor” is sufficient to establish survivorship. Sanderson v. Saxon (Ky. 1992) 834 S.W.2d 676.
		+
		+	The lien of pre-purchase judgment will attach immediately to the debtor spouse's "expectant interest in survivorship" in T by E marital property, and that future interest may be immediately foreclosed upon, but the judgment creditor doesn't get possession until the debtor spouse takes sole ownership. Raybro Electric Supplies, Inc. v. D.J. Barclay, 813 F.Supp. 1267 (W.D. Ky. 1992).

	==Witness Requirements==		==Witness Requirements==

@@ Line 40: / Line 40: @@
 ==Spousal Joinder Requirements/Homestead==
 Kentucky recognizes the dower/curtesy interest of non-titled spouses in all property, not just homestead.  Therefore, a non-titled spouse must join in a deed or mortgage to convey his/her interest in the property. [https://casetext.com/statute/kentucky-revised-statutes/title-34-descent-wills-and-administration/chapter-392-dower-and-curtesy/section-392020-surviving-spouses-interest-in-property-of-deceased-spouse-dower-and-curtesy-defined KRS 392.020]. Kentucky does not recognize civil unions.
 Kentucky recognizes Tenancy by the Entireties but does not recognize it for survivorship  unless survivorship is expressly stated. However, the instrument granting real property to husband and wife must expressly create a mutual right to the entirety by survivorship. Otherwise, the instrument granting real property to husband and wife creates a tenancy in common.  [http://www.lrc.ky.gov/statutes/statute.aspx?id=35396 KY 381.050]

← Older revision		Revision as of 19:10, 21 January 2021
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	==Power Of Attorney==		==Power Of Attorney==

		+	Appointment of a guardian or conservator terminates any power of attorney, unless the court orders otherwise. KRS § 457.080
		+
		+	==Guardianship and Conservatorship==
		+
		+	Sale or mortgage of property by Guardian or Conservator requires specific order of court.
		+	KRS § 389A.010

	==Probate==		==Probate==

← Older revision		Revision as of 21:56, 31 December 2020
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	Kentucky recognizes Tenancy by Entirety & Joint Tenancy -- but does not grant survivorship rights under either unless expressly stated. See Spousal Joinder Requirements below. See KRS § 381.050 (as to TbyE) and KRS § 381.120 and .130 (as to Joint requiring statement of survivorship).		Kentucky recognizes Tenancy by Entirety & Joint Tenancy -- but does not grant survivorship rights under either unless expressly stated. See Spousal Joinder Requirements below. See KRS § 381.050 (as to TbyE) and KRS § 381.120 and .130 (as to Joint requiring statement of survivorship).
		+
		+	Language conveying to the two grantees “jointly and to the survivor” is sufficient to establish survivorship. Sanderson v. Saxon (Ky. 1992) 834 S.W.2d 676.

	==Witness Requirements==		==Witness Requirements==

@@ Line 74: / Line 74: @@
 *US Judgment Liens	-- 20 years
 *State Court Judgment Liens	-- 15 years
-**Judgment does attached to after acquired Property.  Purchase Money Mortgage will take priority over pre-existing judgment liens. [https://caselaw.findlaw.com/ky-court-of-appeals/1388435.html Kentucky Legal Systems Corp. v Dunn].
+**Judgment does attached to after acquired Property.  Purchase Money Mortgage doctrine May not apply in Kentucky after [https://1.next.westlaw.com/Document/I9e1b3f60d48a11e6960ceb4fdef01e17/View/FullText.html?originationContext=kcCitingReferences&transitionType=Document&contextData=(sc.Search)&docSource=7965dcda1d9f41cfb213243be3e32d01&rank=1&rulebookMode=false Hays v. Nationstar], 510 S.W.3d 327 (KY App 2017) and [https://1.next.westlaw.com/Document/If5a8feb019bc11e9a1b0e6625e646f8f/View/FullText.html?navigationPath=%2FRelatedInfo%2Fv1%2FkcCitingReferences%2Fnav%3FdocGuid%3DI9e1b3f60d48a11e6960ceb4fdef01e17%26midlineIndex%3D1%26warningFlag%3DX%26planIcons%3DYES%26skipOutOfPlan%3DNO%26sort%3Ddepthdesc%26category%3DkcCitingReferences%26origRank%3D1%26origDocSource%3D7965dcda1d9f41cfb213243be3e32d01&listSource=RelatedInfo&list=CitingReferences&rank=1&docFamilyGuid=If69b26e019bc11e9b55e8f9103baa33e&originationContext=citingreferences&transitionType=CitingReferencesItem&contextData=%28sc.Search%29 U.S. v. Phillips, (WD KY 2019)  implicitly overruling prior cases upholding PMM doctrine priority over judgment liens:  [https://caselaw.findlaw.com/ky-court-of-appeals/1388435.html Kentucky Legal Systems Corp. v Dunn].
 *Federal Tax Liens	-- 10 years (+ 30 days)
 *State Tax Liens	-- 10 years

@@ Line 55: / Line 55: @@
 Allen v. Riedling, 283 Ky. 90, 140 S.W.2d 833 (1940).
 Buckner's Ex'r v. Cromie's Ex'rs, 68 Ky. 603 (1869); E.O. Eshelby Tobacco Co. v. McNamara, 82 S.W. 620, 26 Ky. Law Rep. 889 (1904).
 ==Construction Liens==

@@ Line 77: / Line 77: @@
 *State Inheritance Tax Liens	-- 10 years
 *Mechanics Liens	-- 1 year
-*Financing Statements	-- 5 years
+*Financing Statements	-- 5 years generally, 30 years if securing Mobile Home 355.9-515
 *Mortgages	-- 15 years from maturity
 *HOA Liens	-- 15 years

← Older revision		Revision as of 22:03, 4 April 2019
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	==Power Of Attorney==		==Power Of Attorney==

		+
		+	==Probate==
		+	The general rule in Kentucky is that upon the death of an owner of land, the title passes directly to the heirs or devisees.
		+
		+	As such, the personal representative has no power to sell land belonging to his decedent except in two situations. The first is when a power of sale is given to him in the will. See KRS 395.220. The second is when the sale of land is approved by a court having jurisdiction over the matter.
		+
		+	See Ky Practice Series: Probate Practice and Procedure s. 1667, 1668
		+	Also: Strode v. Kramer, 293 Ky. 354, 169 S.W.2d 29 (1943).
		+	Allen v. Riedling, 283 Ky. 90, 140 S.W.2d 833 (1940).
		+	Buckner's Ex'r v. Cromie's Ex'rs, 68 Ky. 603 (1869); E.O. Eshelby Tobacco Co. v. McNamara, 82 S.W. 620, 26 Ky. Law Rep. 889 (1904).

	==Construction Liens==		==Construction Liens==