KRS 386B.13-010 to 386B.13-280 shall apply to a trust created before, on, or after July 15, 2026, which: (1) Has its principal place of administration in this Commonwealth, including a trust whose principal place of administration has been changed to this Commonwealth; or (2) Provides by its trust instrument that it is governed by the law of this Commonwealth or is governed by the law of this Commonwealth for the purpose of: (a) Administration, including administration of a trust whose governing law for purposes of administration has been changed to the law of this Commonwealth; (b) Construction of the terms of the trust; or (c) Determining the meaning or effect of terms of the trust.