KRS 386B.2-050: Registration of trust.

(1) The trustee of a trust having its principal place of administration in this

Commonwealth shall register the trust in the District Court of this Commonwealth

at the principal place of administration. Unless otherwise designated in the trust

instrument, the principal place of administration of a trust is the trustee's usual place

of business where the records pertaining to the trust are kept, or at the trustee's

residence if he or she has no such place of business. In the case of cotrustees, the

principal place of administration, if not otherwise designated in the trust instrument,

is:

(a) 1. The usual place of business of the corporate trustee if there is but one (1)

corporate cotrustee; or

2. The usual place of business or residence of the individual truste e who is

a professional fiduciary if there is but one (1) such person and no

corporate cotrustee; and

(b) In all other cases, the usual place of business or residence of any of the

cotrustees as agreed on by them.

The duty to register under this section s hall not apply to the trustee of a trust if

registration would be inconsistent with the retained jurisdiction of a foreign court

from which the trustee cannot obtain release, nor does the duty to register under this

section apply to any trust, whether test amentary or inter vivos, revocable or

irrevocable, unless the settlor of the trust so directs.

(2) Registration shall be accomplished by filing a statement indicating the name and

address of the trustee in which he or she acknowledges the trusteeship. The

statement shall indicate whether the trust has been registered elsewhere. The

statement shall identify the trust:

(a) In the case of a testamentary trust, by the name of the testator and the date and

place of domiciliary probate;

(b) In the case of a writ ten inter vivos trust, by the name of each settlor and the

original trustee and the date of the trust instrument; or

(c) In the case of an oral trust, by information identifying the settlor or other

source of funds and describing the time and manner of th e trust's creation and

the terms of the trust, including the subject matter, beneficiaries, and time of

performance.

If a trust has been registered elsewhere, registration in this Commonwealth is

ineffective until the earlier registration is released by o rder of the court where prior

registration occurred, or an instrument signed by the trustee and all beneficiaries is

filed with the registration in this state.

(3) (a) By registering a trust, or accepting the trusteeship of a registered trust, the

trustee submits personally to the jurisdiction of the court in any proceeding

under this chapter relating to the trust that may be initiated by any interested

person while the trust remains registered. Notice of any proceeding shall be

given pursuant to KRS 386B.1-070.

(b) To the extent of their interests in the trust, all beneficiaries of a trust properly

registered in this Commonwealth are subject to the jurisdiction of the court of

registration for the purposes of proceedings under this chapter, provided

notice is given pursuant to KRS 386B.1-070.

(c) The court for good cause shown may provide for a different method or time of

giving notice for any hearing.

(4) A trustee who fails to register a trust in a proper place pursuant to this chapter, for

purposes of any proceedings initiated by a beneficiary of the trust prior to

registration, is s ubject to the personal jurisdiction of any court in which the trust

could have been registered.