2010 Pennsylvania Code
Title 20 - DECEDENTS, ESTATES AND FIDUCIARIES
Chapter 35 - Accounts and Distribution
3543 - Income on distributive shares.

     § 3543.  Income on distributive shares.
        (a)  Pecuniary legacy.--A pecuniary legacy bequeathed in
     trust shall be entitled to income at the rate of 5% per annum
     from the death of the decedent until the payment of the legacy,
     and when not in trust from one year after the death of the
     decedent until the payment of the legacy.
        (b)  Specific legacy or devise.--A specific legatee or
     devisee shall be entitled to the net income from property given
     to him accrued from the date of the death of the decedent.
        (c)  Demonstrative legacy.--A demonstrative legacy shall be
     entitled to income from the death of the decedent until the
     payment of the legacy at the rate earned by the property out of
     which it is primarily payable, and to the extent that it is not
     paid from that source, at the rate of 5% per annum from one year
     after the death of the decedent until the payment of the legacy.
        (d)  Residuary legacy or devise.--All income from real and
     personal estate earned during the period of administration and
     not payable to others pursuant to the governing instrument or
     this section shall be distributed pro rata among the income
     beneficiaries of any trust created out of the residuary estate
     and the other persons entitled to the residuary estate.
        (e)  Future date.--A legacy payable at a future date, unless
     earlier set aside as a separate trust, shall not begin to bear
     income until three months after the date fixed for payment or
     delivery.
        (f)  Relationship.--Income shall be paid on distributive
     shares with no distinction because of the relationship of the
     distributee to the decedent.
        (g)  Testamentary provisions.--All rules set forth in this
     section are subject to the provisions of the decedent's will.
     (July 11, 1980, P.L.565, No.118, eff. imd.; July 7, 2006,
     P.L.625, No.98, eff. 60 days)

        Cross References.  Section 3543 is referred to in sections
     7799, 8121 of this title.