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.