Kentucky Statutes 386B.4-060 – Creation of trust induced by fraud, duress, or undue influence
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A trust is void to the extent its creation was induced by fraud, duress, or undue influence.
Effective: July 15, 2014
History: Created 2014 Ky. Acts ch. 25, sec. 28, effective July 15, 2014.
Effective: July 15, 2014
Terms Used In Kentucky Statutes 386B.4-060
- Fraud: Intentional deception resulting in injury to another.
- Trust: means an express trust established by a trust instrument, including a will, whereby a trustee has the duty to administer a trust asset for the benefit of a named or otherwise described income or principal beneficiary, or both. See Kentucky Statutes 386B.1-010
History: Created 2014 Ky. Acts ch. 25, sec. 28, effective July 15, 2014.