California Probate Code ARTICLE 4 - Apportionment at Beginning and End of Income Interest

• Section 16345.
  (a) An income beneficiary is entitled to net income from the date on which the income interest begins. An income interest begins on the date specified...
• Section 16346.
  (a) A trustee shall allocate an income receipt or disbursement other than one to which subdivision (a) of Section 16340 applies to principal if its due...
• Section 16347.
  (a) For the purposes of this section, “undistributed income” means net income received before the date on which an income interest ends. The term does not...

Last modified: October 22, 2018