Wyoming § 2-3-812 Distribution from trust or estate

Wyoming Statutes

§ 2-3-812 — Distribution from trust or estate

Wyoming·Title 02 Wills, Decedents' Estates and Probate Code·Ch. 3 FIDUCIARIES·Art. 8 PRINCIPAL AND INCOME

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,
W.S. 2-3-811 or 2-3-825 applies to a receipt from the trust.

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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,
W.S. 2-3-811 or 2-3-825 applies to a receipt from the trust.

Wyoming § 2-3-812 (Distribution from trust or estate) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.