KRS 386B.6-020: Revocation or amendment of revocable trust.

(1) Unless the terms of a trust expressly provide that the trust is irrevocable, the settlor

may revoke or amend the trust. This subsection shall not apply to a trust created

under an instrument signed before July 15, 2014.

(2) If a revocable trust is created or funded by more than one (1) settlor:

(a) To the extent the trust consists of community property, the trust may be

revoked by either spouse acting alone but may be amended only by joint

action of both spouses;

(b) To the extent the trust consists of prop erty other than community property,

each settlor may revoke or amend the trust with regard the portion of the trust

property attributable to that settlor's contribution; and

(c) On the revocation or amendment of the trust by fewer than all of the settlors,

the trustee shall promptly notify the other settlors of the revocation or

amendment.

(3) The settlor may revoke or amend a revocable trust:

(a) By substantial compliance with a method provided in the terms of the trust; or

(b) If the terms of the trust do not provide a method or the method provided in the

terms is not expressly made exclusive, by:

1. A later will or codicil that expressly refers to the trust or specifically

devises property that would otherwise have passed according to the

terms of the trust; or

2. Any other method manifesting clear and convincing evidence of the

settlor's intent.

(4) Upon revocation of a revocable trust, the trustee shall deliver the trust property as

the settlor directs.

(5) A settlor's powers with respect to revocation, amendment, or distribution of trust

property may be exercised by an agent under a power of attorney only to the extent

expressly authorized by the terms of the trust or the power.

(6) Except as otherwise provided in the terms of the trust, a conservator of the settlor

or, if no conservator has been appointed, a guardian of the settlor or, if neither a

conservator nor guardian has been appointed, a curator may exercise a settlor's

powers with respect to revocation, amendment, or distribution of trust property only

with the approval of the court supervising the conservatorship, guardianship, or

curatorship.

(7) A trustee who does not know that a trust has been revoked or amended is not liable

to the settlor o r settlor's successors in interest for distributions made and other

actions taken on the assumption that the trust had not been amended or revoked.