GroundRules
O.C.G.A. § 53-12-411: Distribution from trust or estate.
Where this section sits in the code
- TITLE 53 Wills, Trusts, and Administration of Estates
- CHAPTER 12 Trusts
- Article 17 Georgia Principal and Income Act
- PART 4 Allocation of Receipts During Administration of Trust
- Subpart 1 Receipts from Entities
A trustee shall allocate to income an amount received as a distribution of income from a trust or an estate in which the trust has an interest other than a purchased interest and shall allocate to principal an amount received as a distribution of principal from such trust or estate. If a trustee purchases an interest in a trust that is an investment entity, or a decedent or donor transfers an interest in such trust to a trustee, Code Section 53-12-410 or 53-12-431 shall apply to a receipt from the trust.
Collected 2026-09-17T19:34:58Z. Source file · JSON