§ 61-501 Disbursements from income
§ 61-502 Disbursements from principal
§ 61-503 Transfers from income to principal for depreciation
§ 61-504 Transfers from income to reimburse principal
§ 61-505 Income taxes
§ 61-506 Adjustments between principal and income because of taxes

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Terms Used In Delaware Code > Title 12 > Chapter 61 > Subchapter V - Allocation of Disbursements During Administration of Trust

  • Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
  • Alleged father: means as defined in § 8-102 of this title. See Delaware Code Title 13 Sec. 1101
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Child: means as defined in § 302 of Title 1. See Delaware Code Title 13 Sec. 1101
  • Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
  • Court: means the Family Court of the State of Delaware. See Delaware Code Title 13 Sec. 1101
  • Decedent: A deceased person.
  • Delinquent child: means as defined in § 901 of Title 10. See Delaware Code Title 13 Sec. 1101
  • Dependent: A person dependent for support upon another.
  • DSCYF: means the Department of Services for Children, Youth and Their Families of this State. See Delaware Code Title 13 Sec. 1101
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Father: means an individual who has established a father-child relationship under § 8-201(b) of this title. See Delaware Code Title 13 Sec. 1101
  • Fiduciary: A trustee, executor, or administrator.
  • Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
  • Individual: means a human being. See Delaware Code Title 13 Sec. 1101
  • Infant: means a child who is less than 6 months old. See Delaware Code Title 13 Sec. 1101
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Licensed agency: means an agency to which the Delaware Department of Education, Office of Child Care Licensing has granted a license to place children for adoption. See Delaware Code Title 13 Sec. 1101
  • Marital deduction: The deduction(s) that can be taken in the determination of gift and estate tax liabilities because of the existence of a marriage or marital relationship.
  • Mother: means an individual who has established a mother-child relationship under § 8-201(a) of this title. See Delaware Code Title 13 Sec. 1101
  • neglected child: means as defined in § 901 of Title 10. See Delaware Code Title 13 Sec. 1101
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Parent: means as defined in § 8-102 of this title. See Delaware Code Title 13 Sec. 1101
  • Parental responsibilities: means the care or support of a child in a manner that does both of the following:

    a. See Delaware Code Title 13 Sec. 1101

  • Party: means a party in a termination of parental rights proceeding under this chapter. See Delaware Code Title 13 Sec. 1101
  • Party: means the respondent, petitioner, guardian, conservator, or any other person allowed by the Court to participate in a guardianship or protective proceeding. See Delaware Code Title 12 Sec. 39A-101
  • Personal property: All property that is not real property.
  • Petitioner: means a petitioner in a termination of parental rights proceeding under this chapter. See Delaware Code Title 13 Sec. 1101
  • Presumed father: means as defined in § 8-102 of this title. See Delaware Code Title 13 Sec. 1101
  • Relative: means as defined in § 901 of Title 10. See Delaware Code Title 13 Sec. 1101
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • Respondent: means a respondent in a termination of parental rights proceeding under this chapter. See Delaware Code Title 13 Sec. 1101
  • State: means the State of Delaware; and when applied to different parts of the United States, it includes the District of Columbia and the several territories and possessions of the United States. See Delaware Code Title 1 Sec. 302
  • Trustee: A person or institution holding and administering property in trust.
  • United States: includes its territories and possessions and the District of Columbia. See Delaware Code Title 1 Sec. 302
  • Year: means a calendar year, and is equivalent to the words "year of our Lord. See Delaware Code Title 1 Sec. 302