Senate Bill 178 Alabama 2026 Session
Updated Jan 20, 2026
Senate Bill 178 Alabama 2026 Session
Senate Bill
In Committee
Current Status
2026 Regular Session
Session
1
Sponsor
Summary
- Primary Sponsor
-
Will Barfoot SenatorRepublican - Session
- 2026 Regular Session
- Title
- Trusts; amend Alabama Principal and Income Act, permit trustee to adjust between principal and income
- Description
Under existing law, a trustee can only adjust trust receipts and disbursements between principal and income if the terms of the trust explicitly grant the trustee that authority.
This bill would permit trustees to adjust receipts and disbursements between principal and income without requiring the trust terms to authorize the adjustments, aligning current law with the Uniform Principal and Income Act.
This bill would also make nonsubstantive, technical revisions to update the existing code language to current style.
- Subjects
- Property & Estates
Bill Actions
S
Pending Senate Judiciary
S
Read for the first time and referred to the Senate Committee on Judiciary
Bill Text
Documents
Source: Alabama Legislature