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.
Since summer (and other seasons) can begin and end on different days each year on the astronomical calendar, it can be hard to compare seasons from year to year in this way. To standardize the length and start of the seasons, in meteorology, the 12 months of the year have been split up into four, 3-month periods. Therefore, in the meteorological calendar, summer includes the months of June, July and August - always starting on 1 June and ending on 31 August.