California Amends its Version of the Uniform Principal and Income Act

Legislation in California amends its version of the Uniform Principal and Income Act.  The amendments are to remedy an issue raised by Rev. Ruling 2006-26 so that a deferred compensation, annuity, IRA, or similar plan will qualify for marital deduction treatment by requiring the trustee to determine the internal income of these assets which qualify for the marital deduction.  2009 Cal. Legis. Serv. Ch. 152.