{"data":{"id":"us-ky/krs-386.611","jurisdiction":"us-ky","citation":"KRS 386.611","heading":"Qualified trustees and advisors.","body":"(1) For purposes of KRS 386.601 to 386.619, none of the following shall be considered\na qualified trustee:\n(a) The transferor or any other natural person who is a nonresident of this\nCommonwealth; or\n(b) An entity:\n1. That is not authorized by the law of this Commonwealth to act as a\ntrustee; or\n2. Whose activities are not subject to supervision as provided in KRS\n386.601(12)(a).\n(2) (a) Nothing in KRS 386.601 to 386.619 shall preclude a transferor from\nappointing one (1) or more advisors, including but not limited to:\n1. Advisors who have authority under the terms of the trust instrument to\nremove and appoint qualified trustees or trust advisors;\n2. Advisors who have authority under the terms of the trust instrument to\ndirect, consent to, or disapprove distributions from the trust; or\n3. Investment advisors, whether or not the advisors would meet the\nrequirements of KRS 386.601(12).\n(b) For purposes of this subse ction, \"advisor\" includes a trust protector or any\nother person who, in addition to a qualified trustee, holds one (1) or more trust\npowers.","path":["KRS Chapter 386"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=57728","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:59:17Z","sha256":"e9c2a3715b4cd1b5d7257cda8b8c4edb94826618fe0184e7fc7c8c55038efcd8","source_id":"us-ky","stale":false,"prev":"us-ky/krs-386.610","next":"us-ky/krs-386.613"},"notice":"GroundRules: Original legal text. Not legal advice."}