(1) By accepting the trusteeship of a trust having its principal place of administration in this Commonwealth or by moving the principal place of administration to this Commonwealth, the trustee submits personally to the jurisdiction of the courts of this Commonwealth regarding any matter involving the trust.
(2) With respect to their interests in the trust, the beneficiaries of a trust having its principal place of administration in this Commonwealth are subject to the jurisdiction of the courts of this Commonwealth regarding any matter involving the trust. By accepting a distribution from such a trust, the recipient submits personally to the jurisdiction of the courts of this Commonwealth regarding any matter involving the trust.
(3) This section shall not preclude other methods of obtaining jurisdiction over a trustee, beneficiary, or other person receiving property from the trust, including trust registration under KRS 386B.2-050.