{"data":{"id":"us-ky/krs-386.478","jurisdiction":"us-ky","citation":"KRS 386.478","heading":"Insubstantial allocations not required -- When allocation presumed","body":"insubstantial.\nIf a trustee determines that an allocation between principal and income required by KRS\n386.480, 386.482, 386.484, or 386.486 is unsubstantial, the trustee may allocate the entire\namount to principal. An allocation is presumed to be insubstantial if:\n(1) The amount of the allocation would increase or decrease net income in an\naccounting period, as determined before the allocation, by less than ten percent\n(10%); or\n(2) The value of the asset producing the receipt for which the allocation would be made\nis less than ten percent (10%) of the total value of the trust's assets at the beginning\nof the accounting period.","path":["KRS Chapter 386"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=43170","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:59:16Z","sha256":"7951f172d9e2f3f5e93ee2540c7b72a64c36bfdebf1e87cd436217be0c711d1a","source_id":"us-ky","stale":false,"prev":"us-ky/krs-386.476","next":"us-ky/krs-386.480"},"notice":"GroundRules: Original legal text. Not legal advice."}