{"data":{"id":"us-ky/krs-386b.4-140","jurisdiction":"us-ky","citation":"KRS 386B.4-140","heading":"Modification or termination of uneconomic trust.","body":"(1) After notice to the qualified beneficiaries, the trustee of a trust consisting of trust\nproperty or a personal representative holding or controlling an amount directed by\nwill to be held in trust, having a total value less than one hundred thousand dollars\n($100,000) may terminate the trust if the trustee concludes that the value of the trust\nproperty is insufficient to justify the cost of administration.\n(2) The court may modify or terminate a trust or remove the trustee and appoint a\ndifferent trustee if it determines that the value of the trust property is insufficient to\njustify the cost of administration.\n(3) Upon termination of a trust under this section, the trustee or personal representative\nshall distribute the trust property in a manner consistent with the purposes of the\ntrust.\n(4) This section does not apply to an easement for conservation or preservation.\n(5) 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=43099","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:59:19Z","sha256":"33903419abb9fdd99bb0a018e7ce6177fa430bbdc89a11747455fd09a00e306a","source_id":"us-ky","stale":false,"prev":"us-ky/krs-386b.4-130","next":"us-ky/krs-386b.4-150"},"notice":"GroundRules: Original legal text. Not legal advice."}