Trustees must reflect an adjustment under EPTL 11-2.3(b)(5) properly in their accounting because failing to do so would make the discretionary reallocation of principal to income look like a prohibited distribution of principal.
🔑 This post is for paying subscribers only
Sign up now and upgrade your account to read the post and get access to all premium content that is only for paying subscribers.
🔑 This post is for subscribers only
Sign up now to read the post. To get access to the full library of premium content, you must be a paying subscriber.
Already have an account ? Sign in
Hani Sarji
New York lawyer who cares about people, is fascinated by technology, and is writing his next book, Estate of Confusion: New York.
Related News
🔑 NY Duty of Impartiality: TELS Recommendations on Proposed Section 7-A-8.3
Dec 23, 2024 — Premium
NY EPTL 11-2.3(b)(5): Nomenclature
Dec 22, 2024
NY EPTL 11-2.3(b)(5) Authorizes the Power to Adjust
Dec 22, 2024