Section 19-3A-201 – Determination and Distribution of Net Income.

Section 19-3A-201 Determination and distribution of net income. After the decedent’s death, in the case of a decedent’s estate, or after an income interest in a trust ends, the following rules apply: (a) If property is specifically given to a beneficiary by will or by trust, then the fiduciary of the decedent’s estate or of […]

Section 19-3A-202 – Distribution to Residuary and Remainder Beneficiaries.

Section 19-3A-202 Distribution to residuary and remainder beneficiaries. (a) Each beneficiary described in Section 19-3A-201(d) is entitled to receive a portion of the net income equal to the beneficiary’s fractional interest in undistributed principal assets, using inventory values as of the appropriate distribution dates. (b) In determining a beneficiary’s share of net income, the following […]