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.
Summer Solstice: The First Day of Summer. Summer solstice is the first day of summer - it's usually between June 20th and June 23rd. In 2016, the summer solstice takes place on June 20th. We know it's summer because the earth's axis tilts toward the sun from June to September - this means warmer weather and longer days.