KRS 140.120 — Taxation of gifts to fiduciaries

If a testator bequeaths or devises property to one (1) or more personal representatives or
trustees in lieu of their commissions or allowances, or makes them his legatees to an
amount exceeding the commissions or allowances prescribed by law, the excess in value
of property so bequeathed or devised above the amount of commissions or allowances
prescribed by law in similar cases shall be taxable.