(1) The amount of the allocation would increase or decrease net income in an accounting period, as determined before the allocation, by less than 10 percent; or
(2) The value of the asset producing the receipt for which the allocation would be made is less than 10 percent of the total value of the trust or estate assets at the beginning of the accounting period.
History.—s. 1, ch. 2002-42; s. 19, ch. 2012-49.
Structure Florida Statutes
Title XLII - Estates and Trusts
Chapter 738 - Principal and Income
738.103 - Fiduciary Duties; General Principles.
738.104 - Trustee’s Power to Adjust.
738.1041 - Total Return Unitrust.
738.105 - Judicial Control of Discretionary Powers.
738.201 - Determination and Distribution of Net Income.
738.202 - Distribution to Residuary and Remainder Beneficiaries.
738.301 - When Right to Income Begins and Ends.
738.302 - Apportionment of Receipts and Disbursements When Decedent Dies or Income Interest Begins.
738.303 - Apportionment When Income Interest Ends.
738.401 - Character of Receipts.
738.402 - Distribution From Trust or Estate.
738.403 - Business and Other Activities Conducted by Fiduciary.
738.503 - Obligation to Pay Money.
738.504 - Insurance Policies and Similar Contracts.
738.601 - Insubstantial Allocations Not Required.
738.602 - Payments From Deferred Compensation Plans, Annuities, and Retirement Plans or Accounts.
738.604 - Minerals, Water, and Other Natural Resources.
738.606 - Property Not Productive of Income.
738.607 - Derivatives and Options.
738.608 - Asset-Backed Securities.
738.701 - Disbursements From Income.
738.702 - Disbursements From Principal.
738.703 - Transfers From Income to Principal for Depreciation.
738.704 - Transfers From Income to Reimburse Principal.
738.706 - Adjustments Between Principal and Income Because of Taxes.
738.801 - Apportionment of Expenses; Improvements.