Although the trust instrument restricted distributions of principal, the trustee nevertheless had the power under a provision of the Uniform Principal and Income Act (“UPIA”), 20 Pa.C.S. § 8104, to allocate amounts of principal to income, and distribute that income … Continue reading
Tag Archives: Principal and Income Act
The decision of the trustee to allocate some principal to income in accordance with 20 Pa.C.S. § 8104 in order to provide the income beneficiary with 3.2% of the three year average of the value of the trust principal was … Continue reading