District of Columbia § 28-4804.02 Distribution from trust or estate.

District of Columbia Statutes

§ 28-4804.02 — Distribution from trust or estate.

District of Columbia § 28-4804.02

JurisdictionDistrict of Columbia

Title 28Commercial Instruments and Transactions. [Enacted title]

Ch. 48Principal and Income; Uniform Law.

Subch. IVAllocation of Receipts During Administration of Trust.

Subpart 1Receipts From Entities.

This text of District of Columbia § 28-4804.02 (Distribution from trust or estate.) is published on Counsel Stack Legal Research, covering District of Columbia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

D.C. Code § 28-4804.02 (2026).

Text

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, § 28-4804.01 or § 28-4804.15 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, § 28-4804.01 or § 28-4804.15 applies to a receipt from the trust.