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Full-Text Articles in Law
Trusts - Principal And Income Act - Mutual Funds, Richard E. Myers
Trusts - Principal And Income Act - Mutual Funds, Richard E. Myers
Duquesne Law Review
The Pennsylvania Supreme Court in interpreting sections 5(1) and 5(3) of the Principal and Income Act of 1947 has held that mutual fund distributions designated as realized capital gains are allocable to principal.
In Re Estate of Brock, 420 Pa. 454, 218 A.2d 281 (1966).
Life Estates - Power To Consume - Remainderman, David J. Pleva
Life Estates - Power To Consume - Remainderman, David J. Pleva
Duquesne Law Review
The Supreme Court of Pennsylvania, applying common law rules of construction, has decided that a life tenant in personalty with the power to consume is accountable to the remainderman for the increased value of the bequeathed property.
Moltrup Estate, 424 Pa. 161, 225 A.2d 676 (1967)