{"data":{"id":"us-ky/krs-386b.1-060","jurisdiction":"us-ky","citation":"KRS 386B.1-060","heading":"Principal place of administration.","body":"(1) Without precluding other means for establishing a connection with the designated\njurisdiction, terms of a trust designating the principal place of administration are\nvalid and controlling if:\n(a) A trustee's principal place of business is located in or a t rustee is a resident of\nthe designated jurisdiction;\n(b) A trust director's principal place of business is located in or a trust director is a\nresident of the designated jurisdiction; or\n(c) All or part of the administration occurs in the designated jurisdiction.\n(2) A trustee is under a continuing duty to administer the trust at a place appropriate to\nits purposes, its administration, and the interests of the beneficiaries.\n(3) Without precluding the right of the court to order, approve, or disapprove a transfer,\nthe trustee, in furtherance of the duty prescribed by subsection (2) of this section,\nmay transfer the trust's principal place of administration to another state or to a\njurisdiction outside of the United States.\n(4) The trustee shall notify the qu alified beneficiaries of a proposed transfer of a trust's\nprincipal place of administration not less than sixty (60) days before initiating the\ntransfer. The notice of proposed transfer shall include:\n(a) The name of the jurisdiction to which the principal  place of administration is\nto be transferred;\n(b) The address and telephone number at the new location at which the trustee\ncan be contacted;\n(c) An explanation of the reasons for the proposed transfer;\n(d) The date on which the proposed transfer is anticipated to occur; and\n(e) The date, not less than sixty (60) days after the giving of the notice, by which\nthe qualified beneficiary shall notify the trustee of an objection to the\nproposed transfer.\n(5) The authority of a trustee under this section to transfer a trust's principal place of\nadministration ends if a qualified beneficiary notifies the trustee of an objection to\nthe proposed transfer on or before the date specified in the notice.\n(6) In connection with a transfer of the trust's principal place of administration, the\ntrustee may transfer some or all of the trust property to a successor trustee\ndesignated in the terms of the trust or appointed under KRS 386B.7-040.\n(7) The District Court shall have exclusive jurisdiction over matters under this section.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=57781","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:59:18Z","sha256":"028ebff5e85162b426bf7278806bc82f2a3a210c39a37ab42fd568eb139277d0","source_id":"us-ky","stale":false,"prev":"us-ky/krs-386b.1-050","next":"us-ky/krs-386b.1-070"},"notice":"GroundRules: Original legal text. Not legal advice."}