§ 11-A-5.6 Adjustments between principal and income because of taxes\n A fiduciary may make adjustments between principal and income to\noffset the shifting of economic interests or tax benefits between income\nbeneficiaries and remainder beneficiaries which arise from:\n (1) elections and decisions that the fiduciary makes from time to time\nregarding tax matters;\n (2) an income tax or any other tax that is imposed upon the fiduciary\nor a beneficiary as a result of a transaction involving or a\ndistribution from the estate or trust; or\n (3) the ownership by an estate or trust of an interest in an entity\nwhose taxable income, whether or not distributed, is includable in the\ntaxable income of the estate, trust, or a beneficiary.\n
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