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2016 Kentucky Revised Statutes
CHAPTER 386 - ADMINISTRATION OF TRUSTS -- LEGAL INVESTMENTS -- UNIFORM PRINCIPAL AND INCOME ACT
.488 Property not productive of income.

KY Rev Stat § .488 (2016) What's This?

Download as PDF 386.488 Property not productive of income. (1) (2) If a marital deduction is allowed for all or part of a trust, the spouse may require the trustee to make the trust income productive. In cases not governed by subsection (1) of this section, proceeds from the sale or other disposition of an asset are principal without regard to the amount of income the asset produces during any accounting period. Effective: January 1, 2005 History: Created 2004 Ky. Acts ch. 158, sec. 20, effective January 1, 2005.

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