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.
Definition of summer 1: the season between spring and autumn comprising in the northern hemisphere usually the months of June, July, and August or as reckoned astronomically extending from the June solstice to the September equinox