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.
Source: NOAA. When the North Pole tilts most toward the sun, the Northern Hemisphere experiences summer. This occurs when the Earth is farthest away from the sun, and begins around June 21-22. Astronomers refer to the arrival of this event as the Summer Solstice in the Northern Hemisphere.