Connecticut § 45a-542j Distribution from trust or estate.

Connecticut Statutes

§ 45a-542j — Distribution from trust or estate.

Connecticut·Title 45a Probate Courts and Procedure·Ch. 802c Trusts

A trustee shall allocate to income an amount received as a distribution of income from a trust or an estate in which the trust has an interest other than a purchased interest, and shall allocate to principal an amount received as a distribution of principal from such a trust or estate. If a trustee purchases an interest in a trust that is an investment entity, or a decedent or donor transfers an interest in such a trust to a trustee, section 45a-542i or 45a-542w applies to a receipt from the trust.

Free access — add to your briefcase to read the full text and ask questions with AI

A trustee shall allocate to income an amount received as a distribution of income from a trust or an estate in which the trust has an interest other than a purchased interest, and shall allocate to principal an amount received as a distribution of principal from such a trust or estate. If a trustee purchases an interest in a trust that is an investment entity, or a decedent or donor transfers an interest in such a trust to a trustee, section 45a-542i or 45a-542w applies to a receipt from the trust.

Connecticut § 45a-542j (Distribution from trust or estate.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.