§ 129.400 UPIA 501. Disbursements from income
§ 129.405 UPIA 502. Disbursements from principal
§ 129.410 UPIA 503. Transfers from income to principal for depreciation
§ 129.415 UPIA 504. Transfers from income to reimburse principal
§ 129.420 UPIA 505. Income taxes
§ 129.425 UPIA 506. Adjustments between principal and income because of taxes
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Terms Used In Oregon Statutes > Chapter 129 > Allocation of Disbursements During Administration of Trust

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • City: includes any incorporated village or town. See Oregon Statutes 174.100
  • 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.
  • County court: includes board of county commissioners. See Oregon Statutes 174.100
  • Decedent: A deceased person.
  • Fiduciary: A trustee, executor, or administrator.
  • 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.
  • Personal property: All property that is not real property.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Revocable trust: A trust agreement that can be canceled, rescinded, revoked, or repealed by the grantor (person who establishes the trust).
  • State Treasury: includes those financial assets the lawful custody of which are vested in the State Treasurer and the office of the State Treasurer relating to the custody of those financial assets. See Oregon Statutes 174.100
  • Trustee: A person or institution holding and administering property in trust.