KRS 457.340: Estates, trusts, and other beneficial interests.

(1) In this section, "estate, trust, or other beneficial interest" means a trust, probate

estate, guardianship, conservatorship, escrow, or custodianship or a fund from

which the principal is, may become, or claims to be, entitled to a share or payment.

(2) Unless the power of attorney otherwise provides, language in a power of attorney

granting general authority with respect to estates, trusts, and other beneficial

interests authorizes the agent to:

(a) Accept, receive, receipt for, sell, assign, pledge, or ex change a share in or

payment from an estate, trust, or other beneficial interest;

(b) Demand or obtain money or another thing of value to which the principal is,

may become, or claims to be, entitled by reason of an estate, trust, or other

beneficial interest, by litigation or otherwise;

(c) Exercise for the benefit of the principal a presently exercisable general power

of appointment held by the principal;

(d) Initiate, participate in, submit to alternative dispute resolution, settle, oppose,

or propose or accept a compromise with respect to litigation to ascertain the

meaning, validity, or effect of a deed, will, declaration of trust, or other

instrument or transaction affecting the interest of the principal;

(e) Initiate, participate in, submit to alterna tive dispute resolution, settle, oppose,

or propose or accept a compromise with respect to litigation to remove,

substitute, or surcharge a fiduciary;

(f) Conserve, invest, disburse, or use anything received for an authorized

purpose;

(g) Transfer an inter est of the principal in real property, stocks and bonds,

accounts with financial institutions or securities intermediaries, insurance,

annuities, and other property to the trustee of a revocable trust created by the

principal as settlor; and

(h) Reject, re nounce, disclaim, release, or consent to a reduction in or

modification of a share in or payment from an estate, trust, or other beneficial

interest.