Kentucky Revised Statutes Title XXXIII. Administration of Trusts and Estates of Persons Under Disability § 386A.8-040.Winding up

(a) Collecting the assets of the trust;

(b) Disposing of the properties of the trust that will not be distributed in kind to beneficial owners of the trust;

(c) Discharging or making provision for discharging the liabilities of the trust, including entering into agreements with creditors for the satisfaction thereof;

(d) Distributing the remaining property of the trust in accordance with KRS 386A.8-080; and

(e) Doing every other act necessary to wind up and liquidate the trust's activities and affairs.

(a) Preserve the trust's activities and property as a going concern for a reasonable time;

(b) Prosecute, defend, or settle actions or proceedings whether civil, criminal, or administrative, including by mediation or arbitration; and

(c) Transfer the property of the trust.

(a) Prevent the commencement of a proceeding by or against the trust in its name;

(b) Abate or suspend a proceeding by or against the trust pending on the effective date of dissolution;

(c) Transfer title to the trust's property;

(d) Terminate the authority of the registered agent of the statutory trust;

(e) Abate or suspend KRS 386A.3-040; or

(f) Abate or suspend KRS 386A.4-020.