Louisiana grants trustees discretion to adjust income and principal on the trusteeâs own authority, provided that if a proposed transfer from principal to income would increase net income for the year above 5 percent of the fair market value of trust assets at the beginning of the year, then a court order is required.
Confidence votes 620. Summer begins each year on the day of the summer solstice, which is on or near June 21 and ends each year on the day of the autumnal equinox, which is on or near September 22.
What are the summer months? What months are the summer months in the US? In the US, summer is traditionally June, July, and August, although the season is defined as from June 20/21 (June solstice) to September 22/23 (September equinox).