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.
In the northern hemisphere, the summer months are considered June, July and August; however, in the southern hemisphere, the summer months are December, January and February. In the northern hemisphere, the summer season runs from June 20th or 21st through September 21st or 22nd each year. Continue Reading.