A trustee shall make the following disbursements from income to the extent that they are not disbursements to which section 18(a)(2)(B) or 18(a)(2)(C) of this chapter applies:

1. (1) one-half (1/2) of the regular compensation of the trustee and of any person providing investment advisory or custodial services to the trustee;
2. (2) one-half (1/2) of all expenses for accountings, judicial proceedings, or other matters that involve both the income and remainder interests;

3. (3) all of the other ordinary expenses incurred in connection with the administration, management, or preservation of trust property and the distribution of income, including:

   1. (A) interest;
   2. (B) ordinary repairs;
   3. (C) regularly recurring taxes assessed against principal; and
   4. (D) expenses of a proceeding or other matter that concerns primarily the income interest; and
4. (4) recurring premiums on insurance covering the loss of a principal asset or the loss of income from or use of the asset.

As added by P.L.84-2002, SEC.2. Amended by P.L.51-2014, SEC.17.