KRS 386.611: Qualified trustees and advisors.

(1) For purposes of KRS 386.601 to 386.619, none of the following shall be considered

a qualified trustee:

(a) The transferor or any other natural person who is a nonresident of this

Commonwealth; or

(b) An entity:

1. That is not authorized by the law of this Commonwealth to act as a

trustee; or

2. Whose activities are not subject to supervision as provided in KRS

386.601(12)(a).

(2) (a) Nothing in KRS 386.601 to 386.619 shall preclude a transferor from

appointing one (1) or more advisors, including but not limited to:

1. Advisors who have authority under the terms of the trust instrument to

remove and appoint qualified trustees or trust advisors;

2. Advisors who have authority under the terms of the trust instrument to

direct, consent to, or disapprove distributions from the trust; or

3. Investment advisors, whether or not the advisors would meet the

requirements of KRS 386.601(12).

(b) For purposes of this subse ction, "advisor" includes a trust protector or any

other person who, in addition to a qualified trustee, holds one (1) or more trust

powers.