---
kind: "section"
citation: "25 C.F.R. § 115.504"
title: "25"
number: "115.504"
heading: "If you have a life estate interest in income-producing trust assets, how will you receive the income?"
url: "https://uscodex.org/cfr/25/115.504"
---

# §115.504. If you have a life estate interest in income-producing trust assets, how will you receive the income?


If you have a life estate interest in income-producing trust assets, which is earning income, OTFM will open an IIM-life estate account for you and funds will be distributed after BIA has certified ownership of the trust funds.


## Notes

### Authority

Authority: R.S. 441, as amended, R.S. 463, R.S. 465; 5 U.S.C. 301; 25 U.S.C. 2; 25 U.S.C. 9; 43 U.S.C. 1457; 25 U.S.C. 4001; 25 U.S.C. 161(a); 25 U.S.C. 162a; 25 U.S.C. 164; Pub. L. 87-283; Pub. L. 97-100; Pub. L. 97-257; Pub. L. 103-412; Pub. L. 97-458; 44 U.S.C. 3101 et seq.

### Source

Source: 66 FR 7094, Jan. 22, 2001, unless otherwise noted.