Explore the legal terms and concepts related to Principal and Income Allocation. Click on any term below to learn more about its definition and applications.
TRUSTS#045
What items are allocated to a principal beneficiary?
The following are allocated to a principal beneficiary: stock dividends; capital gains; distribution...
TRUSTS#046
What items are allocated to an income beneficiary?
The following are allocated to an income beneficiary: cash dividends, money; insurance proceeds from...
TRUSTS#047
How are expenses allocated?
The entire cost of ordinary expenses (including interest, repairs, regularly recurring taxes, and in...
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