PROBATE COURTS AND DECEDENTS' ESTATES
UNIFORM PRINCIPAL AND INCOME ACT
ALLOCATION OF DISBURSEMENTS DURING ADMINISTRATION OF TRUST
564-C:5-501 Disbursements from Income.
A trustee shall make the following disbursements from income to the extent that they are not disbursements to which RSA 564-C:2-201(2)(B) or (C) applies:
(a) Except as otherwise ordered by a court, so much of the compensation of the trustee and of any person providing investment advisory or custodial services to the trustee, and so much of the expenses for accounting, judicial proceedings, or other matters that involve the income and remainder interests as shall be determined by the trustee.
(b) All of the other ordinary expenses incurred in connection with the administration, management, or preservation of trust property and the distribution of income, including interest, ordinary repairs, regularly recurring taxes assessed against principal, and expenses of a proceeding or other matter that concerns primarily the income interest; and
(c) Recurring premiums on insurance covering the loss of a principal asset or the loss of income from or use of the asset.
Source. 2006, 320:68, eff. Aug. 19, 2006. 2008, 374:22, eff. Sept. 9, 2008.