In administering a total return unitrust, the trustee may, in its sole discretion but subject to the terms of the trust, determine:

1. (1) the effective date of the conversion;
2. (2) the timing of distributions, including provisions for prorating a distribution for a short year in which a beneficiary's right to payments commences or ceases;
3. (3) whether distributions are to be made in cash or in kind or partly in cash and partly in kind;
4. (4) if the trust is reconverted to an income trust, the effective date of the reconversion; and
5. (5) any other administrative issues as may be necessary or appropriate to carry out the purposes of Sections 62-7-904B through 62-7-904P.

HISTORY: 2013 Act No. 100, SECTION 2, eff January 1, 2014.