{"data":{"id":"us-tn/tenn.-code-ann.-35-6-408","jurisdiction":"us-tn","citation":"Tenn. Code Ann. § 35-6-408","heading":"Insubstantial allocations not required","body":"If a trustee determines that an allocation between principal and income required by § 35-6-409 , § 35-6-410 , § 35-6-411 , § 35-6-412 , or § 35-6-415 is insubstantial, the trustee may allocate the entire amount to principal unless one (1) of the circumstances described in § 35-6-104(c) applies to the allocation. This power may be exercised by a cotrustee in the circumstances described in § 35-6-104(d) and may be released for the reasons and in the manner described in § 35-6-104(e) . An allocation is presumed to be insubstantial if:\n(1) The amount of the allocation would increase or decrease net income in an accounting period, as determined before the allocation, by less than ten percent (10%); or\n(2) The value of the asset producing the receipt for which the allocation would be made is less than ten percent (10%) of the total value of the trust's assets at the beginning of the accounting period.","path":["TN Code","Title 35","Chapter 6"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_tn_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:26Z","sha256":"db0ee4ed057156ebbce2b84487ebdaf73474960a1330d3e5da901d421d628ea3","source_id":"us-tn","stale":false,"prev":"us-tn/tenn.-code-ann.-35-6-407","next":"us-tn/tenn.-code-ann.-35-6-409"},"notice":"GroundRules: Original legal text. Not legal advice."}