Chapter 4 Allocation of Trust Principal and Income

Index

• Section 4.1 Introduction
• Section 4.2 Missouri’s Principal and Income Act
• Section 4.3 Provisions Pertaining to the Beginning and End of an Income Interest
• Section 4.4 When a Right to Income Begins and Ends
• Section 4.5 Apportionment of Receipts and Disbursements When an Income Interest Begins (or a Decedent Dies)
• Section 4.6 Apportionment When a Mandatory Income Interest Ends
• Section 4.7 Disposition of Income From Decedent’s Estate or at the End of an Income Interest
• Section 4.8 Allocation of Receipts During the Administration of a Trust
• Section 4.9 Receipts From Entities
• Section 4.10 Receipts From Trusts and Estates
• Section 4.11 Receipts From Businesses and Other Activities Conducted by a Trustee
• Section 4.12 Receipts From Rental Property
• Section 4.13 Receipts of Interest and Proceeds From the Sale, Redemption, or Disposition of an Obligation to Pay Money to Principal
• Section 4.14 Receipts From Insurance Contracts
• Section 4.15 Receipts From Public and Private Annuities, Deferred Compensation Plans, Qualified Retirement Plans, Individual Retirement Accounts, and Similar Situations
• Section 4.16 Receipts From Liquidating Assets
• Section 4.17 Receipts From an Interest in Minerals or Other Natural Resources (Including Water)
• Section 4.18 Receipts From the Sale of Timber and Related Products
• Section 4.19 Receipts From Derivative Transactions
• Section 4.20 Receipts From Collateral Financial Assets and Asset-Backed Securities
• Section 4.21 Remaining Receipts Allocated to Principal
• Section 4.22 The Power to Allocate Insubstantial Amounts
• Section 4.23 Allocation of Disbursements During the Administration
• Section 4.24 Disbursements Allocated to Income
• Section 4.25 Disbursements Allocated to Principal
• Section 4.26 Transfers to Principal for Depreciation
• Section 4.27 Transfers From Income to Reimburse Principal
• Section 4.28 Allocation of Tax Disbursements
• Section 4.29 Adjustment Powers Granted by the Act
• Section 4.30 Overview of the § 469.405, RSMo, Adjustment Power
• Section 4.31 Framework for the Use of the Adjustment Power
• Section 4.32 Section 469.405, RSMo, Adjustment Power’s Impact on Nonproductive Property Held in a Marital Trust
• Section 4.33 Tax-Related Adjustments
• Section 4.34 The Unitrust Alternative to the § 469.405, RSMo, Adjustment Power
• Section 4.35 Limitations on Fiduciary Liability for Allocation and Adjustment Decisions