§ 16367
66 words·~1 min read·
/ca/probate-code/16367A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.
(c)From net realized long-term capital gains.
(d)From tax-exempt and other income.
(e)From principal of the trust.