Code · Kentucky · Chapter 386 — Administration of trusts -- legal investments -- uniform principal and income act

386.488 Property not productive of income.

63 words·~1 min read·/ky/chapter-386/386-488

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(1)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.

(2)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.