KRS 386.460: When right to income begins and ends.

(1) An income beneficiary is entitled to net income from the date on which the income

interest begins. An income interest begins on the date specified in the terms of the

trust or, if no date is specified, on the date an asset becomes subject to a trust or

successive income interest.

(2) An asset becomes subject to a trust:

(a) On the date it is transferred to the trust in the case of an asset that is

transferred to a trust during the transferor's life;

(b) On the date of a testator's death in the case of an as set that becomes subject to

a trust by reason of a will, even if there is an intervening period of

administration of the testator's estate; or

(c) On the date of an individual's death in the case of an asset that is transferred to

a fiduciary by a third party because of the individual's death.

(3) An asset becomes subject to a successive income interest on the day after the

preceding income interest ends, as determined under subjection (4) of this section,

even if there is an intervening period of administr ation to wind up the preceding

income interest.

(4) An income interest ends on the day before an income beneficiary dies or another

terminating event occurs, or on the last day of a period during which there is no

beneficiary to whom a trustee may distribute income.