Corpus and growth with respect to "entire net income"

[Publius]

I'm curious about the meaning of "entire net income" with respect to a trust.

Let's say the corpus was $310,000 at the inception of the Trust. But 10 years later the corpus has grown to 400,000 even though it has been generating income. Can it be asserted that any growth of the corpus is, in effect, income that was never distributed?

I guess I'm asking if the growth of the Trust, it's increase in value, is possibly understood as undistributed income.......... and whether a beneficiary of the trust has any claim to that under the rubric of "entire net income".

Apologies if this is expressed badly

 

[Michael Wechsler]

Let's say the corpus was $310,000 at the inception of the Trust. But 10 years later the corpus has grown to 400,000 even though it has been generating income. Can it be asserted that any growth of the corpus is, in effect, income that was never distributed?

I guess I'm asking if the growth of the Trust, it's increase in value, is possibly understood as undistributed income.......... and whether a beneficiary of the trust has any claim to that under the rubric of "entire net income".

I'm no expert in this area but net income is "net" of something. There are times when the gross can equal the net but what is it you are worried about? What items are you trying to assert are not considered to be deducted from the gross/entire amount of the trust?