California Probate Code ARTICLE 5.2 - Allocation of Receipts During Administration of Trust: Receipts Not Normally Apportioned

• Section 16355.
  A trustee shall allocate to principal:(a) To the extent not allocated to income under this chapter, assets received from a transferor during the transferor’s lifetime, a...
• Section 16356.
  Unless the trustee accounts for receipts from rental property pursuant to Section 16352, the trustee shall allocate to income an amount received as rent of...
• Section 16357.
  (a) An amount received as interest, whether determined at a fixed, variable, or floating rate, on an obligation to pay money to the trustee, including an...
• Section 16358.
  (a) Except as otherwise provided in subdivision (b), a trustee shall allocate to principal the proceeds of a life insurance policy or other contract in which...

Last modified: October 22, 2018