Ky. Rev. Stat. § 386B.6-030

Current through 2024 Ky. Acts ch. 225
Section 386B.6-030 - Settlor's powers - Powers of withdrawal
(1) While a trust is revocable and, in the reasonable belief of the trustee, the settlor has capacity to revoke the trust, rights of the beneficiaries are subject to the control of, and the duties of the trustee are owed exclusively to, the settlor.
(2) During the period the power may be exercised, the holder of a power of withdrawal has the rights of a settlor of a revocable trust under this section to the extent of the property subject to the power.

KRS 386B.6-030

Added by 2014 Ky. Acts ch. 25,§ 48, eff. 7/15/2014.