Can Beneficiaries Receive Larger Payments From a Net Income Trust?
by Murray, Arthur W.Charities may benefit from a little known new power of adjustment for trustees in states where the revised Principal and Income Act has been adopted, especially where charities are the beneficiaries of charitable trusts which currently limit the benefit to net income only. The presenters will discuss the applicable statute and what charities need to know. (Syllabus Code 3.01.04) You must be signed in to view or download the full article.
