Form Aoc 851 PDF Details

When managing an estate, various legal documents and procedures come into play, especially after the passing of a loved one. Among these documents, the AOC-851 form holds significant importance in the Commonwealth of Kentucky's probate process. This form, utilized within the wider jurisdiction of the Kentucky Court of Justice, serves as an affidavit for the waiver of formal settlement notice under certain conditions. It specifically caters to situations where an estate has more than one beneficiary, allowing these beneficiaries to consent to the informal settlement of the estate. By doing so, they agree to waive the conventional requirements set under KRS Chapter 395 related to the settlement of fiduciaries’ accounts. This process not only simplifies the settlement of an estate but also emphasizes the collective agreement of all beneficiaries involved, under the condition that none are under any legal disability unless noted. Such a waiver necessitates thorough understanding and mutual consensus among beneficiaries, reflecting their trust in the estate's administration without the need for a more formal, and often lengthier, settlement process. It is an integral part of streamlining estate settlements, ensuring that the wishes of all parties are respected and followed in a manner that avoids unnecessary legal complications.

QuestionAnswer
Form NameForm Aoc 851
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other namesky aoc 851 form, waiver formal settlement, aoc 851 instructions, ky form aoc 851

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AOC-851

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Case No. ____________________

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Court of Justice

www.courts.ky.gov

AFFIDAVIT OF WAIVER OF

County ______________________

KRS 395.605(2)

 

 

FORMAL SETTLEMENT

 

 

NOTICE: TO BE USED WITH AOC- 850, Informal Final Settlement: Aidavit, Motion and Order, WHEN THERE IS MORE than one (1) beneiciary.

IN RE: ESTATE OF _________________________________________________________________________________

We, the undersigned beneiciaries of the above estate, being under no legal disability unless noted, state under oath that we consent to the Informal Settlement of the estate, hereby waiving requirements of KRS Chapter 395 regarding settlement of iduciaries’ accounts.

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Subscribed and sworn to before me by beneiciaries whose names are ________________________________

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on _________________________, 2______.

My commission expires: _________________________.

 

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Name/Title

NOTICE TO JUDGE: If one or more beneiciaries is under a disability, you may allow the iling of an Informal Settlement if you are of the opinion the best interests of the person under the disability would be served. KRS 395.605(3). You may require Fiduciary to execute bond with or without Surety to insure application of estate assets to debts of Decedent. KRS 395.605(2).

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NameTitle, NameTitle, and NameTitle of ky form aoc 851

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