Ask a question on the site
Questions
Lawyers
Blogs
Legislation
Contacts
Become a lawyer
Login Registration
Extra - Chapter Notes - Enactment. Chapter 81 was added May 16, 2002, P.L.330, No.50,...
Section 8101 - Short title of chapter - This chapter shall be known and may be cited as...
Section 8102 - Definitions - The following words and phrases when used in this chapter...
Section 8103 - Fiduciary duties; general principles - (a) Allocation.--In allocating receipts and disbursements to or between principal...
Section 8104 - Trustee's power to adjust - (a) Adjustment.--Subject to subsections (c) and (f), a trustee may...
Section 8105 - Power to convert to unitrust - (a) Conversion.--Unless expressly prohibited by the governing instrument, a trustee...
Section 8106 - Judicial control of discretionary powers - (a) Standard of review.--A court shall not change a fiduciary's...
Section 8107 - Express trusts - (a) General rule.--In the absence of a contrary intent appearing...
Section 8113 - Charitable trusts - (a) Election.--Notwithstanding the foregoing provisions of this chapter, the trustee...
Section 8121 - Determination and distribution of net income - After a decedent dies in the case of an estate...
Section 8122 - Distribution to residuary and remainder beneficiaries - (a) Distribution of net income.--Each beneficiary described in section 8121(4)...
Section 8131 - When right to income begins and ends - (a) Accrual of income interest.--An income beneficiary is entitled to...
Section 8132 - Apportionment of receipts and disbursements when decedent dies or income interest begins - (a) Allocation to principal.--Unless section 8121(1) (relating to determination and...
Section 8133 - Apportionment when income interest ends - (a) End of mandatory income interest.--When a mandatory income interest...
Section 8141 - Character of receipts - (a) Allocation to income.--Except as otherwise provided in this section,...
Section 8142 - Distribution from trust or estate - A trustee shall allocate to income an amount received as...
Section 8143 - Business and other activities conducted by trustee - (a) Separate accounting for business or activity.--If a trustee that...
Section 8144 - Principal receipts - A trustee shall allocate to principal any of the following:...
Section 8145 - Rental property - (a) Rent.--To the extent that a trustee accounts for receipts...
Section 8146 - Obligation to pay money - (a) Interest allocated to income.--An amount received as interest, whether...
Section 8147 - Insurance policies and similar contracts - (a) General rule.-- (1) Except as otherwise provided in subsection...
Section 8148 - Insubstantial allocations not required - If a trustee determines that an allocation between principal and...
Section 8149 - Retirement benefits, individual retirement accounts, deferred compensation, annuities and similar payments - (a) General rule.-- (1) The trustee shall allocate to income...
Section 8150 - Liquidating asset - (a) Allocation.--A trustee shall allocate to income 10% of the...
Section 8151 - Minerals, water and other natural resources - (a) Allocation for receipts from minerals and other natural resources.--To...
Section 8152 - Timber - (a) Allocation of net receipts.--To the extent that a trustee...
Section 8153 - Property not productive of income - (a) General rule.--If a Federal estate or gift tax marital...
Section 8154 - Derivatives and options - (a) Derivatives.--To the extent that a trustee does not account...
Section 8155 - Asset-backed securities - (a) General rule.--If a trust receives a payment from interest...
Section 8161 - Mandatory disbursements from income - A trustee shall make the following disbursements from income: (1)...
Section 8162 - Mandatory disbursements from principal - (a) Mandatory disbursements.--A trustee shall make the following disbursements from...
Section 8163 - Discretionary allocation of disbursements - Subject to sections 8161 (relating to mandatory disbursements from income)...
Section 8164 - Transfers from income to principal for depreciation - (a) Transfers.--A trustee may transfer to principal a reasonable amount...
Section 8165 - Transfers from income to reimburse principal - (a) Permissible reimbursements.--A trustee may transfer an appropriate amount from...
Section 8166 - Income taxes - (a) Receipts allocated to income.--A tax required to be paid...
Section 8167 - Adjustments between principal and income because of taxes - A trustee may make adjustments between principal and income to...
Section 8191 - Uniformity of application and construction - In applying and construing this chapter, consideration shall be given...