Enacting the Kansas community property trust act to authorize the use of community property trusts during the marriage of settlor spouses and amending the Kansas uniform trust code to allow trustees to reimburse settlors of grantor trusts, authorize the use of designated representatives for trusts and permit the terms of a governing instrument to expand, restrict or eliminate certain general rules applicable to fiduciaries, trusts and trust administration.

This bill creates the Kansas Community Property Trust Act, allowing married couples to establish trusts holding community property. It also allows trustees to reimburse grantors for taxes and permits designated representatives for trusts. The bill modifies existing laws regarding fiduciary duties and trust administration, giving more flexibility to the terms of trust documents.

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