The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Subchapter
004
:
ALLOCATION OF RECEIPTS DURING ADMINISTRATION OF TRUST
(Cite as: 14 V.S.A. § 3352)
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§ 3352. Distribution from trust or estate
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 a 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
a trust to a trustee, section 3351 or 3365 of this title applies to a receipt from the trust. (Added 2011, No. 114 (Adj. Sess.), § 1.)