Pennsylvania Consolidated & Unconsolidated Statutes
Chapter 81 - Principal and Income
Section 8163 - Discretionary allocation of disbursements


Subject to sections 8161 (relating to mandatory disbursements from income) and 8162 (relating to mandatory disbursements from principal), a trustee may, in the trustee's discretion, allocate to income or principal or partly to each ordinary expenses incurred in connection with the administration, management or preservation of trust property and the distribution of income, including, but not limited to, the compensation of the trustee and of any person providing investment advisory, custodian or income tax return preparation services to the trustee.

Cross References. Section 8163 is referred to in sections 8150, 8165 of this title.

Structure Pennsylvania Consolidated & Unconsolidated Statutes

Pennsylvania Consolidated & Unconsolidated Statutes

Title 20 - DECEDENTS, ESTATES AND FIDUCIARIES

Chapter 81 - Principal and Income

Extra - Chapter Notes

Section 8101 - Short title of chapter

Section 8102 - Definitions

Section 8103 - Fiduciary duties; general principles

Section 8104 - Trustee's power to adjust

Section 8105 - Power to convert to unitrust

Section 8106 - Judicial control of discretionary powers

Section 8107 - Express trusts

Section 8113 - Charitable trusts

Section 8121 - Determination and distribution of net income

Section 8122 - Distribution to residuary and remainder beneficiaries

Section 8131 - When right to income begins and ends

Section 8132 - Apportionment of receipts and disbursements when decedent dies or income interest begins

Section 8133 - Apportionment when income interest ends

Section 8141 - Character of receipts

Section 8142 - Distribution from trust or estate

Section 8143 - Business and other activities conducted by trustee

Section 8144 - Principal receipts

Section 8145 - Rental property

Section 8146 - Obligation to pay money

Section 8147 - Insurance policies and similar contracts

Section 8148 - Insubstantial allocations not required

Section 8149 - Retirement benefits, individual retirement accounts, deferred compensation, annuities and similar payments

Section 8150 - Liquidating asset

Section 8151 - Minerals, water and other natural resources

Section 8152 - Timber

Section 8153 - Property not productive of income

Section 8154 - Derivatives and options

Section 8155 - Asset-backed securities

Section 8161 - Mandatory disbursements from income

Section 8162 - Mandatory disbursements from principal

Section 8163 - Discretionary allocation of disbursements

Section 8164 - Transfers from income to principal for depreciation

Section 8165 - Transfers from income to reimburse principal

Section 8166 - Income taxes

Section 8167 - Adjustments between principal and income because of taxes

Section 8191 - Uniformity of application and construction