KRS 386B.13-150: Change in compensation.
Where this section sits in the code
(1) If a first -trust instrument specifies an authorized fiduciary's compensation, the
fiduciary may not exercise the decanting power to increase the fiduciary's
compensation above the specified compensation unless:
(a) All qualified beneficiaries of the second trust consent to the increase in a
signed record; or
(b) The increase is approved by the court.
(2) If a first -trust instrument does not specify an authorized fiduciary's compensation,
the fiduciary may not exercise the decanting power to increase the fid uciary's
compensation above the compensation permitted by this chapter unless:
(a) All qualified beneficiaries of the second trust consent to the increase in a
signed record; or
(b) The increase is approved by the court.
(3) A change in an authorized fiduc iary's compensation which is incidental to other
changes made by the exercise of the decanting power is not an increase in the
fiduciary's compensation for purposes of subsections (1) and (2) of this section.
Collected 2026-09-05T20:59:20Z. Source file · JSON