DIVISION 9. TRUST LAW 15000-19530›PART 4. TRUST ADMINISTRATION 16000-16632›CHAPTER 3. Uniform Fiduciary Income and Principal Act 16320-16383›ARTICLE 5. Allocation of Disbursements 16360-16367

§ 16367

California Probate Code · 2026-09 edition · updated 2026-10-03 · California

Unless otherwise provided by the governing instrument, determined by the trustee, or ordered by the court, distributions to beneficiaries shall be considered paid in the following order from the following sources:

(a) From net taxable income other than capital gains.

(b) From net realized short-term capital gains.

(d) From tax-exempt and other income.

(e) From principal of the trust.

(Repealed and added by Stats. 2023, Ch. 28, Sec. 2. (SB 522) Effective January 1, 2024.)

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California Probate Code

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