Receipts not normally apportioned — Principal receipts.

RCW 11.104B.230
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
A fiduciary shall allocate to principal: (1) To the extent not allocated to income under this chapter, an asset received from: (a) An individual during the individual's lifetime; (b) An estate; (c) A trust on termination of an income interest; or (d) A payor under a contract naming the fiduciary as beneficiary; (2) Except as otherwise provided in this article, money or other property received from the sale, exchange, liquidation, or change in form of a principal asset; (3) An amount recovered from a third party to reimburse the fiduciary because of a disbursement described in RCW 11.104B.410 (1) or for another reason to the extent not based on loss of income; (4) Proceeds of property taken by eminent domain, except that proceeds awarded for loss of income in an accounting period are income if a current income beneficiary had a mandatory income interest during the period; (5) Net income received in an accounting period during which there is no beneficiary to which a fiduciary may or must distribute income; and (6) Other receipts as provided in RCW 11.104B.270 through 11.104B.350 . A fiduciary shall allocate to principal: (1) To the extent not allocated to income under this chapter, an asset received from: (a) An individual during the individual's lifetime; (b) An estate; (c) A trust on termination of an income interest; or (d) A payor under a contract naming the fiduciary as beneficiary; (2) Except as otherwise provided in this article, money or other property received from the sale, exchange, liquidation, or change in form of a principal asset; (3) An amount recovered from a third party to reimburse the fiduciary because of a disbursement described in RCW 11.104B.410 (1) or for another reason to the extent not based on loss of income; (4) Proceeds of property taken by eminent domain, except that proceeds awarded for loss of income in an accounting period are income if a current income beneficiary had a mandatory income interest during the period; (5) Net income received in an accounting period during which there is no beneficiary to which a fiduciary may or must distribute income; and (6) Other receipts as provided in RCW 11.104B.270 through 11.104B.350 .
Source: WA Statutes (Official Site)URL: https://app.leg.wa.gov/RCW/default.aspx?cite=11.104B&full=trueFetched: 6/28/2026