Learn About the Law
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Current as of January 01, 2024 | Updated by FindLaw Staff
(1) Except as otherwise provided in this chapter, on July 15, 2014:
(a) This chapter applies to all trusts created before, on, or after July 15, 2014;
(b) This chapter applies to all judicial proceedings concerning trusts commenced on or after July 15, 2014;
(c) This chapter applies to judicial proceedings concerning trusts commenced before July 15, 2014, unless the court finds that application of a particular provision of this chapter would substantially interfere with the effective conduct of the judicial proceedings or prejudice the rights of the parties, in which case the particular provision of this chapter shall not apply and the superseded law applies;
(d) Any rule of construction or presumption provided in this chapter applies to trust instruments executed before July 15, 2014, unless there is a clear indication of a contrary intent in the terms of the trust; and
(e) An act done before July 15, 2014, is not affected by this chapter.
(2) If a right is acquired, extinguished, or barred upon the expiration of a prescribed period that has commenced to run under any other statute before July 15, 2014, that statute continues to apply to the right even if it has been repealed or superseded.
(3) This chapter shall not apply to trusts created under the following:
(a) KRS 386.510 to 386.590, the Kentucky Fiduciary Investment Company Act;
(b) KRS 386.370 to 386.440, the Kentucky Business Trusts Act; and
(c) KRS Chapter 386A, the Kentucky Uniform Statutory Trust Act.
Cite this article: FindLaw.com - Kentucky Revised Statutes Title XXXIII. Administration of Trusts and Estates of Persons Under Disability § 386B.11-040.Application to existing relationships - last updated January 01, 2024 | https://codes.findlaw.com/ky/title-xxxiii-administration-of-trusts-and-estates-of-persons-under-disability/ky-rev-st-sect-386b-11-040/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Search our directory by legal issue
Enter information in one or both fields (Required)