11.104B.400 – Disbursements—Disbursement from income.
RCW 11.104B.400 Disbursements—Disbursement from income. Subject to RCW 11.104B.430, and except as otherwise provided in RCW 11.104B.500(3) (b) or (c), a fiduciary shall disburse from income: (1) One-half of: (a) The regular compensation of the fiduciary and any person providing investment advisory, custodial, or other services to the fiduciary, to the extent income is sufficient; […]
11.104B.410 – Disbursements—Disbursement from principal.
RCW 11.104B.410 Disbursements—Disbursement from principal. (1) Subject to RCW 11.104B.440, and except as otherwise provided in RCW 11.104B.500(3)(b), a fiduciary shall disburse from principal: (a) The balance of the disbursements described in RCW 11.104B.400 (1) and (3) after application of RCW 11.104B.400(2); (b) The fiduciary’s compensation calculated on principal as a fee for acceptance, distribution, […]
11.104B.420 – Disbursements—Transfer from income to principal for depreciation.
RCW 11.104B.420 Disbursements—Transfer from income to principal for depreciation. (1) In this section, “depreciation” means a reduction in value due to wear, tear, decay, corrosion, or gradual obsolescence of a tangible asset having a useful life of more than one year. (2) A fiduciary may transfer to principal a reasonable amount of the net cash […]
11.104B.430 – Disbursements—Reimbursement of income from principal.
RCW 11.104B.430 Disbursements—Reimbursement of income from principal. (1) If a fiduciary makes or expects to make an income disbursement described in subsection (2) of this section, the fiduciary may transfer an appropriate amount from principal to income in one or more accounting periods to reimburse income. (2) To the extent the fiduciary has not been […]
11.104B.440 – Disbursements—Reimbursement of principal from income.
RCW 11.104B.440 Disbursements—Reimbursement of principal from income. (1) If a fiduciary makes or expects to make a principal disbursement described in subsection (2) of this section, the fiduciary may transfer an appropriate amount from income to principal in one or more accounting periods to reimburse principal or provide a reserve for future principal disbursements. (2) […]
11.104B.450 – Disbursements—Income taxes.
RCW 11.104B.450 Disbursements—Income taxes. (1) A tax required to be paid by a fiduciary based on receipts allocated to income must be charged to income. (2) A tax required to be paid by a fiduciary based on receipts allocated to principal must be charged to principal, even if the tax is called an income tax […]
11.104B.460 – Disbursements—Adjustment between income and principal because of taxes.
RCW 11.104B.460 Disbursements—Adjustment between income and principal because of taxes. (1) A fiduciary may make an adjustment between income and principal to offset the shifting of economic interests or tax benefits between current income beneficiaries and successor beneficiaries which arises from: (a) An election or decision the fiduciary makes regarding a tax matter, other than […]