KRS 386B.7-010: Accepting or declining trusteeship.

(1) Except as otherwise provided in subsection (3) of this section, a person designated

as trustee accepts the trusteeship:

(a) By substantially complying with a method of acceptance 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 accepting delivery of the trust

property, exercising powers or performing duties as trustee, or otherwise

indicating acceptance of the trusteeship.

(2) A person designated as trustee who has not yet accepted the trusteeship may reject

the trusteeship. A designated trustee who does not accept the trusteeship within a

reasonable time after knowing of the designation is deemed to have rejected the

trusteeship.

(3) A person designated as trustee, without accepting the trusteeship, may:

(a) Act to preserve the trust property if, within a reasonable time after acting, the

person sends a rejection of the trusteeship to the settlor or, if the settlor is dead

or lacks capacity, to a qualified beneficiary; and

(b) Inspect or investigate trust property to determine potential liability under

environmental or other law or for any other purpose.