Kansas Statutes 58a-105. Default and mandatory rules
Terms Used In Kansas Statutes 58a-105
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Probate: Proving a will
- Trustee: A person or institution holding and administering property in trust.
(a) Except as otherwise provided in the terms of the trust, this code governs the duties and powers of a trustee, relations among trustees and the rights and interests of a beneficiary.
(b) The terms of a trust prevail over any provision of this code except:
(1) The requirements for creating a trust;
(2) subject to Kan. Stat. Ann. 2023 Supp. 58-5009, 58-5011 and 58-5012, and amendments thereto, the duty of a trustee to act in good faith and administer the trust in accordance with Kan. Stat. Ann. § 58a-801, and amendments thereto;
(3) the requirement that a trust and its terms be for the benefit of its beneficiaries, and that the trust have a purpose that is lawful, not contrary to public policy and possible to achieve;
(4) the power of the court to modify or terminate a trust under Kan. Stat. Ann. §§ 58a-410 through 58a-416, and amendments thereto;
(5) the effect of the rights of creditors to reach a trust as provided in article 5 of chapter 58a of the Kansas Statutes Annotated, and amendments thereto;
(6) the power of the court under Kan. Stat. Ann. § 58a-702, and amendments thereto, to require, dispense with, or modify or terminate a bond;
(7) the power of the court under Kan. Stat. Ann. § 58a-708(b), and amendments thereto, to adjust a trustee’s compensation specified in the terms of the trust which is unreasonably low or high;
(8) the effect of an exculpatory term under Kan. Stat. Ann. § 58a-1008, and amendments thereto;
(9) the rights under Kan. Stat. Ann. §§ 58a-1010 through 58a-1013, and amendments thereto, of a person other than a trustee or beneficiary;
(10) periods of limitation for commencing a judicial proceeding under Kan. Stat. Ann. § 58a-604, and amendments thereto;
(11) the power of the court to take such action and exercise such jurisdiction as may be necessary in the interests of justice; and
(12) the barring of claims against trusts and trustees under Kan. Stat. Ann. § 58a-818, and amendments thereto.
(c) Notwithstanding any provisions of the Kansas uniform trust code to the contrary, any trust created by will and admitted to probate shall be subject to the requirements ofchapter 59 of the Kansas Statutes Annotated, and amendments thereto.