Trust Distribution

[Christopher Singley]

On Wed, Oct 13, 2010 at 7:43 PM, Alex Hill <alex_hill at arach.net.au> wrote:

> So theoretically the monthly distributions are simply advanced distributions from what they would be owed at the end of the period. Would you use liability accounts for this?

Is there in fact a legal obligation to distribute the trust income, or
are you speaking more informally in terms of each's fair share,
because you in fact intend to distribute all the income?