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 day is the first day of summer for 2015? Summer begins with the summer solstice on Sunday, June 21, 2015. The exact time of the summer solstice varies upon an individualâs geographical location, but in New York City it will be at 12:39 p.m. EDT. The summer solstice is also known as midsummer, the first day of summer, and the longest day of the year.