Ky. Rev. Stat. § 386B.8-100

Current through Acts Received April 24, 2024
Section 386B.8-100 - Recordkeeping and identification of trust property
(1) A trustee shall keep adequate records of the administration of the trust.
(2) A trustee shall keep trust property separate from the trustee's own property.
(3) Except as otherwise provided in subsection (4) of this section, a trustee shall cause the trust property to be designated so that the interest of the trust, to the extent feasible, appears in records maintained by a party other than a trustee or beneficiary.
(4) If the trustee maintains records clearly indicating the respective interests, a trustee may invest as a whole the property of two (2) or more separate trusts.

KRS 386B.8-100

Added by 2014 Ky. Acts ch. 25,§ 69, eff. 7/15/2014.