KRS 386B.4-140: Modification or termination of uneconomic trust.

(1) After notice to the qualified beneficiaries, the trustee of a trust consisting of trust

property or a personal representative holding or controlling an amount directed by

will to be held in trust, having a total value less than one hundred thousand dollars

($100,000) may terminate the trust if the trustee concludes that the value of the trust

property is insufficient to justify the cost of administration.

(2) The court may modify or terminate a trust or remove the trustee and appoint a

different trustee if it determines that the value of the trust property is insufficient to

justify the cost of administration.

(3) Upon termination of a trust under this section, the trustee or personal representative

shall distribute the trust property in a manner consistent with the purposes of the

trust.

(4) This section does not apply to an easement for conservation or preservation.

(5) The District Court shall have exclusive jurisdiction over matters under this section.