HRS §557A-402
Distributions from a trust or estate
This section says how a trust must record money it gets from another trust or an estate. Money that is income goes to the trust's income account, and money that is principal goes to the principal account. Special rules apply if the trust bought the interest.
trustees
The statute, as written — Distribution from trust or estate
Subject to the terms of a recipient trust, 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 shall be allocated to income. An amount received as a distribution of principal from such a trust or estate shall be allocated to principal. 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 557A-401 or 557A-415 shall apply to a receipt from the trust.
Sections this one refers to
§557A-401 How trust money from a company is treated
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