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K.A.R. 92-2-58

Debts forgiven by will.

Official textus-ks/regssos.ks.govlast amended
Summarize

The discharge or bequest, in a will, of any debt or demand of a testator against any person shall be construed as a specific bequest of the debt or demand. The amount thereof shall be included in the inventory of the assets of the decedent. The amount of the indebtedness shall be set over to the debtor the same as any other specific bequest, included in the debtor’s distributable share, and subjected to tax. Notes or other evidences of debt which are forgiven by provision made in any will and which are otherwise barred from collection by operation of law shall be exempt from Kansas inheritance tax. (Authorized by K.S.A. 79-1583; implementing K.S.A. 79-1537a; effective May 1, 1986.)

Amendment history

(Authorized by K.S.A. 79-1583; implementing K.S.A. 79-1537a; effective May 1, 1986.)

Source: official source document (2022 KAR Book 4, Kansas Secretary of State)

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In this article (40 sections)
  1. 92-2-38 · 92-2-38
  2. 92-2-39 · 92-2-39
  3. 92-2-40 · 92-2-40
  4. 92-2-41 · 92-2-41
  5. 92-2-42 · 92-2-42
  6. 92-2-43 · 92-2-43
  7. 92-2-44 · 92-2-44
  8. 92-2-45 · 92-2-45
  9. 92-2-46 · 92-2-46
  10. 92-2-47 · 92-2-47
  11. 92-2-48 · 92-2-48
  12. 92-2-49 · 92-2-49
  13. 92-2-50 · 92-2-50
  14. 92-2-51 · 92-2-51
  15. 92-2-52 · 92-2-52
  16. 92-2-53 · 92-2-53
  17. 92-2-54 · Transfer of assets prior to payment of tax.
  18. 92-2-55 · 92-2-55
  19. 92-2-56 · Family settlement agreements.
  20. 92-2-57 · Distributees; prior transfers between class A distributees.
  21. 92-2-58 · Debts forgiven by will.
  22. 92-2-59 · Surviving spouses.
  23. 92-2-60 · Charitable distributees.
  24. 92-2-61 · Qualified terminable interest property election.
  25. 92-2-62 · Tax to residue.
  26. 92-2-63 · Additional tax; credit for state death taxes.
  27. 92-2-64 · Minimum tax; credit for state death taxes.
  28. 92-2-65 · Proration of credit for state death taxes; tax chargeable…
  29. 92-2-66 · Valuation of property included in the gross estate.
  30. 92-2-67 · Special valuation of certain farm and closely held business…
  31. 92-2-68 · Exclusion of certain farm and closely held business…
  32. 92-2-69 · Transfers in contemplation of death.
  33. 92-2-70 · Transfers with retained life estate.
  34. 92-2-71 · Transfers taking effect at death.
  35. 92-2-72 · Revocable transfers.
  36. 92-2-73 · Annuities or other payments receivable by reason of surviving…
  37. 92-2-74 · Joint tenancy.
  38. 92-2-75 · Powers of appointment.
  39. 92-2-76 · Life insurance proceeds.
  40. 92-2-77 · Transfers for insufficient consideration.
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