Nebraska § 30-3128 Distribution from trust or estate

Nebraska Statutes

§ 30-3128 — Distribution from trust or estate

Nebraska·Ch. 30 Decedents' Estates; Protection of Persons and Property

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  30-3127  or  30-3141  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 30-3127 or 30-3141 applies to a receipt from the trust.

Nebraska § 30-3128 (Distribution from trust or estate) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.