A trust may be created only to the extent its purposes are lawful, not contrary to public policy, and possible to achieve. A trust and its terms shall be for the benefit of its beneficiaries.
KRS 386B.4-040
Trust purposes
Known as the Uniform Trust Code
The act spans §§ 386B.10-010 to 386B.9-010 (95 sections).
Effective: July 15, 2014 History: Created 2014 Ky
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.