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.
The meteorological seasons in the Southern Hemisphere are also opposite to those in the Northern Hemisphere: 1  Fall (autumn) - starts March 1 and ends May 31; 2  Winter - starts June 1 and ends August 31; 3  Spring - starts September 1 and ends November 30; and, 4  Summer - starts December 1 and ends February 28 (February 29 in a Leap Year).