Select the best answer. Under the 2000 Uniform Principal and Income Act, as amen

Question

Select the best answer. Under the 2000 Uniform Principal and Income Act, as amended in 2008, by default: A. Amounts that are taxable for federal tax purposes are allocable to income unless a contrary provision is found in the Act or the trust document Cash receipts are allocated evenly between principal and income unless a contrary treatment Cash receipts are allocated between principal and income at the discretion of the trustee R is provided for in the Act or in the trust document c unless a result is mandated by the Act or the trust document Cash receipts are allocated entirely to principal unless a contrary provision exists in either the D. Act or the trust document

Explanation / Answer

Ans.

D) Cash receipt are allocated entirely to principle unless a contrary provision exists in either the act or the trust documents.

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