KRS 386B.10-020: Damages for breach of trust.
Where this section sits in the code
(1) A trustee who commits a breach of trust is liable to the beneficiaries affected for the
greater of:
(a) The amount required to restore the value of the trust property and trust
distributions to what they would have been had the breach not occurred; or
(b) The profit the trustee made by reason of the breach.
(2) Except as otherwise provided in this subsection, if more than one (1) trustee is
liable to the beneficiaries for a breach of trust, a trustee is entitled to contribution
from the other trustee or tru stees. A trustee is not entitled to contribution if the
trustee was substantially more at fault than another trustee or if the trustee
committed the breach of trust in bad faith or with reckless indifference to the
purposes of the trust or the interests of the beneficiaries. A trustee who received a
benefit from the breach of trust is not entitled to contribution from another trustee to
the extent of the benefit received.
Collected 2026-09-05T20:59:19Z. Source file · JSON