This law allows trustees to transfer a reasonable amount of net cash receipts from depreciating assets to principal. It specifically addresses the treatment of income generated from fixed assets that experience depreciation over time, ensuring proper asset management within trusts.
Trustees can transfer net cash receipts from depreciating assets to principal.
Depreciation refers to value loss from wear and tear of fixed assets.
Transfers are limited to reasonable amounts and specific asset types.
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In simple terms: Learn about Texas's TRANSFERS FROM INCOME TO PRINCIPAL FOR law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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