Arkansas Code Title 28, Subtitle 5, Chapter 70, Subchapter 5 - Allocation of Disbursements During Administration of Trust

• § 28-70-501 - Disbursements From Income.
  A trustee shall make the following disbursements from income to the extent that they are not disbursements to which § 28-70-201(2)(B) or (C) applies:...
• § 28-70-502 - Disbursements From Principal.
  (a) A trustee shall make the following disbursements from principal: (1) the remaining one-half of the disbursements described in § 28-70-501(1) and (2); (2)...
• § 28-70-503 - Transfers From Income to Principal for Depreciation.
  (a) In this section, "depreciation" means a reduction in value due to wear, tear, decay, corrosion, or gradual obsolescence of a fixed asset having...
• § 28-70-504 - Transfers From Income to Reimburse Principal.
  (a) If a trustee makes or expects to make a principal disbursement described in this section, the trustee may transfer an appropriate amount from...
• § 28-70-505 - Income Taxes.
  (a) A tax required to be paid by a trustee based on receipts allocated to income must be paid from income.(b) A tax required...
• § 28-70-506 - Adjustments Between Principal and Income Because of Taxes.
  (a) A fiduciary may make adjustments between principal and income to offset the shifting of economic interests or tax benefits between income beneficiaries and...

Last modified: November 15, 2016