Section 30-2-14-38 - Disbursements from income A trustee shall make the following disbursements from income to the extent that they are not disbursements to which section 18(a)(2)(B) or 18(a)(2)(C) of this chapter applies:
(1) one-half (1/2) of the regular compensation of the trustee and of any person providing investment advisory or custodial services to the trustee;(2) one-half (1/2) of all expenses for accountings, judicial proceedings, or other matters that involve both the income and remainder interests;(3) all of the other ordinary expenses incurred in connection with the administration, management, or preservation of trust property and the distribution of income, including:(C) regularly recurring taxes assessed against principal; and(D) expenses of a proceeding or other matter that concerns primarily the income interest; and(4) recurring premiums on insurance covering the loss of a principal asset or the loss of income from or use of the asset.Amended by P.L. 51-2014, SEC. 17, eff. 7/1/2014.As added by P.L. 84-2002, SEC.2.