(1) A trustee shall keep clear, distinct, and accurate records of the administration of the trust.
(2) A trustee shall keep trust property separate from the trustee’s own property.
(3) Except as otherwise provided in subsection (4), a trustee shall cause the trust property to be designated so that the interest of the trust, to the extent feasible, appears in records maintained by a party other than a trustee or beneficiary.
(4) If the trustee maintains records clearly indicating the respective interests, a trustee may invest as a whole the property of two or more separate trusts.
History.—s. 8, ch. 2006-217.
Structure Florida Statutes
Title XLII - Estates and Trusts
Chapter 736 - Florida Trust Code
Part VIII - Duties and Powers of Trustee (Ss. 736.0801-736.0817)
736.0801 - Duty to administer trust.
736.0804 - Prudent administration.
736.0805 - Expenses of administration.
736.0807 - Delegation by trustee.
736.0809 - Control and protection of trust property.
736.0810 - Recordkeeping and identification of trust property.
736.08105 - Duty to ascertain marketable title of trust real property.
736.0811 - Enforcement and defense of claims.
736.0812 - Collecting trust property.
736.08125 - Protection of successor trustees.
736.0813 - Duty to inform and account.
736.08135 - Trust accountings.
736.0814 - Discretionary powers; tax savings.
736.08145 - Grantor trust reimbursement.
736.08147 - Duty to distribute trust income.
736.0815 - General powers of trustee.
736.0816 - Specific powers of trustee.
736.08165 - Administration pending outcome of contest or other proceeding.