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Current as of January 01, 2021 | Updated by FindLaw Staff
(1) A trustee, without authorization by the court, may exercise:
(a) Powers conferred by the terms of the trust; and
(b) Except as limited by the terms of the trust:
1. All powers over the trust property which an unmarried competent owner has over individually owned property;
2. Any other powers appropriate to achieve the proper investment, management, and distribution of the trust property; and
3. Any other powers conferred by this chapter.
(2) The exercise of a power is subject to the fiduciary duties prescribed by this subchapter.
Cite this article: FindLaw.com - Kentucky Revised Statutes Title XXXIII. Administration of Trusts and Estates of Persons Under Disability § 386B.8-150.General powers of trustee - last updated January 01, 2021 | https://codes.findlaw.com/ky/title-xxxiii-administration-of-trusts-and-estates-of-persons-under-disability/ky-rev-st-sect-386b-8-150/
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.
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