(1) A trustee, without authorization by the court, may, except as limited or restricted by this code, exercise:
(a) Powers conferred by the terms of the trust.
(b) Except as limited by the terms of the trust:
1. All powers over the trust property that an unmarried competent owner has over individually owned property.
2. Any other powers appropriate to achieve the proper investment, management, and distribution of the trust property.
3. Any other powers conferred by this code.
(2) The exercise of a power is subject to the fiduciary duties prescribed by this code.
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.