• § 53-12-450 - Disbursements From Income
  (a) A trustee shall make the following disbursements from income: (1) One-half of the regular compensation of the trustee and of any person providing...
• § 53-12-451 - Disbursements From Principal
  (a) A trustee shall make the following disbursements from principal: (1) The remaining one-half of the disbursements described in paragraphs (1) and (2) of...
• § 53-12-452 - Transfers From Income to Principal for Depreciation
  (a) As used in this Code section, the term "depreciation" means a reduction in value due to wear, tear, decay, corrosion, or gradual obsolescence...
• § 53-12-453 - Transfers From Income to Reimburse Principal
  Wherever a charge that is properly allocable to income has been made or is expected to be made from principal because of the unusually...
• § 53-12-454 - Income Taxes
  (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...
• § 53-12-455 - 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: October 14, 2016