Legal Question in Wills and Trusts in Florida

Income v. Principal

Florida trust has primary income beneficary and remainder beneficiaries. One of the largest holdings is in a closed-end investment corp. which pays dividends (income) and in good years, large capital gains distributions. Would these distributions be considered income or principal under FL estate law?


Asked on 12/18/04, 11:05 am

1 Answer from Attorneys
Kevin Plachta The Law Office of Kevin F. Plachta

Re: Income v. Principal

You should post this question to an attorney in Florida since it concerns Florida law.

Read more
Answered on 12/19/04, 10:54 am


Related Questions & Answers

More Probate, Trusts, Wills & Estates questions and answers in Florida