{"data":{"id":"us-ks/k.s.a.-58-9a-502","jurisdiction":"us-ks","citation":"K.S.A. 58-9a-502","heading":"Disbursement from principal.","body":"(a) Subject to K.S.A. 58-9a-505, and amendments thereto, and except as otherwise provided in K.S.A. 58-9a-601(c)(2), and amendments thereto, a fiduciary shall disburse from principal:\n(1) The balance of the disbursements described in K.S.A. 58-9a-501(a) and (c), and amendments thereto, after application of K.S.A. 58-9a-501(b), and amendments thereto;\n(2) the fiduciary's compensation calculated on principal as a fee for acceptance, distribution or termination;\n(3) a payment of an expense to prepare for or execute a sale or other disposition of property;\n(4) a payment on the principal of a trust debt;\n(5) a payment of an expense of an accounting, judicial or nonjudicial proceeding or other matter that involves primarily principal, including a proceeding to construe the terms of the trust or protect property;\n(6) a payment of a premium for insurance, including title insurance, not described in K.S.A. 58-9a-501(d), and amendments thereto, of which the fiduciary is the owner and beneficiary;\n(7) a payment of an estate or inheritance tax or other tax imposed because of the death of a decedent, including penalties, apportioned to the trust; and\n(8) a payment:\n(A) Related to environmental matters, including:\n(i) Reclamation;\n(ii) assessing environmental conditions;\n(iii) remedying and removing environmental contamination;\n(iv) monitoring remedial activities and the release of substances;\n(v) preventing future releases of substances;\n(vi) collecting amounts from persons liable or potentially liable for the costs of activities described in clauses (i) through (v);\n(vii) penalties imposed under environmental laws or regulations;\n(viii) other actions to comply with environmental laws or regulations;\n(ix) statutory or common law claims by third parties; and\n(x) defending claims based on environmental matters; and\n(B) for a premium for insurance for matters described in subparagraph (A).\n(b) If a principal asset is encumbered with an obligation that requires income from the asset to be paid directly to a creditor, the fiduciary shall transfer from principal to income an amount equal to the income paid to the creditor in reduction of the principal balance of the obligation.","path":["Chapter 58.—PERSONAL AND REAL PROPERTY","Article 9a.—UNIFORM FIDUCIARY INCOME AND PRINCIPAL ACT"],"source_url":"https://www.ksrevisor.gov/statutes/chapters/ch58/058_009a_0502.html","current_through":"2025 legislative session","vintage":"","retrieved_at":"2026-10-15T06:21:01Z","sha256":"52f7602a17e73ff28ec3c035ef693173e836dadf003a2f2f8a96675f45ebf44c","source_id":"us-ks","stale":false,"prev":"us-ks/k.s.a.-58-9a-501","next":"us-ks/k.s.a.-58-9a-503"},"notice":"GroundRules: Original legal text. Not legal advice."}