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KRS 386B.4-120

Modification or termination because of unanticipated circumstances or inability to administer trust effectively

Known as the Uniform Trust Code

The act spans §§ 386B.10-010 to 386B.9-010 (95 sections).

Applied in 1 court decision — leading case Davis v. Davis (2018)

Most recently applied in Davis v. Davis (November 2018)

Effective: July 15, 2014 History: Created 2014 Ky

(1) The court may modify the administrative or dispositive terms of a trust or terminate the trust if, because of circumstances not anticipated by the settlor, modification or termination will further the purposes of the trust. To the extent practicable, the modification shall be made in accordance with the settlor's probable intention.

(2) The court may modify the administrative terms of a trust if continuation of the trust on its existing terms would be impracticable or wasteful or impair the trust's administration.

(3) Upon termination of a trust under this section, the trustee shall distribute the trust property in a manner consistent with the purposes of the trust.

(4) The District Court shall have exclusive jurisdiction over matters under this section.

Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.