Fundamentals of Trust Accounting Income and Principal Rules under the Revised New York State Laws

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• Introduction
• About the Author
• Disclai mer and Warning
• Overview of the UPAIA and Related New York State
• Estates, Powers, and Trusts Law
• Situations 1-114
• Accounting Income and the IRS
• Definition of Income for Trust Purposes
• Definition of Income
• Trusts Qualifying for Marital Deduction

Appendices

• Appendix I. In Re Heller
• Appendix II. Matter of Owen
• Appendix III. New York State Uniform Principal and Income Act
• Appendix IV. New York State Prudent Investor Act
• Appendix V. New York State Optional Unitrust
• Appendix VI. Disclosure Issues and IRA Trusts