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§ 3331. Determination and distribution of net income

§ 3331. Determination and distribution of net income After a decedent dies, in the case of an estate, or after an income interest in a trust ends, the following rules apply: (1) A fiduciary of an estate or of a terminating income interest shall determine the amount of net income and net principal receipts received […]

§ 3332. Distribution to residuary and remainder beneficiaries

§ 3332. Distribution to residuary and remainder beneficiaries (a) Each beneficiary described in subdivision 3331(4) of this title is entitled to receive a portion of the net income equal to the beneficiary’s fractional interest in undistributed principal assets, using values as of the distribution date. If a fiduciary makes more than one distribution of assets […]