{"data":{"id":"us-ky/krs-386.460","jurisdiction":"us-ky","citation":"KRS 386.460","heading":"When right to income begins and ends.","body":"(1) An income beneficiary is entitled to net income from the date on which the income\ninterest begins. An income interest begins on the date specified in the terms of the\ntrust or, if no date is specified, on the date an asset becomes subject to a trust or\nsuccessive income interest.\n(2) An asset becomes subject to a trust:\n(a) On the date it is transferred to the trust in the case of an asset that is\ntransferred to a trust during the transferor's life;\n(b) On the date of a testator's death in the case of an as set that becomes subject to\na trust by reason of a will, even if there is an intervening period of\nadministration of the testator's estate; or\n(c) On the date of an individual's death in the case of an asset that is transferred to\na fiduciary by a third party because of the individual's death.\n(3) An asset becomes subject to a successive income interest on the day after the\npreceding income interest ends, as determined under subjection (4) of this section,\neven if there is an intervening period of administr ation to wind up the preceding\nincome interest.\n(4) An income interest ends on the day before an income beneficiary dies or another\nterminating event occurs, or on the last day of a period during which there is no\nbeneficiary to whom a trustee may distribute income.","path":["KRS Chapter 386"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=35922","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:59:16Z","sha256":"d0ab2d7e35b3c2120c51540d15b932e4edf7d495349613d2ab2fddc38c4d2bbf","source_id":"us-ky","stale":false,"prev":"us-ky/krs-386.458","next":"us-ky/krs-386.462"},"notice":"GroundRules: Original legal text. Not legal advice."}