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24 Probate & ProPerty j January/February 2009 UPIA Amendment Clarifies Tax Allocation Between Income and Principal When Mandatory Income Trust Owns Pass-through Entity By Steven B. Gorin and Carol A. CantrellProbate & ProPerty j January/February 2009 25 In the summer of 2008, the Unifoor Law Commission amended section 505 of the Uniform Princippa and Income Act (the “UPIA”). See Appendix to this article on page 30. The amendment clarifies the ambiguiit that existed regarding how the trustee of a...