California Probate Code ARTICLE 6 - Allocation of Disbursements During Administration of Trust

• Section 16370.
  A trustee shall make the following disbursements from income to the extent that they are not disbursements to which paragraph (2) or (3) of subdivision...
• Section 16371.
  (a) A trustee shall make the following disbursements from principal:(1) Except as otherwise ordered by the court, the remaining one-half of the disbursements described in subdivisions (a)...
• Section 16372.
  (a) For purposes of this section, “depreciation” means a reduction in value due to wear, tear, decay, corrosion, or gradual obsolescence of a fixed asset having...
• Section 16373.
  (a) If a trustee makes or expects to make a principal disbursement described in this section, the trustee may transfer an appropriate amount from income to...
• Section 16374.
  (a) A tax required to be paid by a trustee based on receipts allocated to income shall be paid from income.(b) A tax required to be paid...
• Section 16374.5.
  Unless otherwise provided by the governing instrument, determined by the trustee, or ordered by the court, distributions to beneficiaries shall be considered paid in the...
• Section 16375.
  (a) A fiduciary may make adjustments between principal and income to offset the shifting of economic interests or tax benefits between income beneficiaries and remainder beneficiaries...

Last modified: October 22, 2018