Ky. Rev. Stat. § 386B.7-080

Current through Acts Received April 24, 2024
Section 386B.7-080 - Compensation of trustee
(1) If the terms of a trust do not specify the trustee's compensation, a trustee is entitled to compensation that is reasonable under the circumstances.
(2) If the terms of a trust specify the trustee's compensation, the trustee is entitled to be compensated as specified, but the court may allow more or less compensation if:
(a) The duties of the trustee are substantially different from those contemplated when the trust was created; or
(b) The compensation specified by the terms of the trust would be unreasonably low or high.

KRS 386B.7-080

Added by 2014 Ky. Acts ch. 25,§ 57, eff. 7/15/2014.