Florida Statutes
Title XLII - Estates and Trusts
Chapter 738 - Principal and Income

738.101 - Short Title. - History.—s. 1, ch. 2002-42.

738.102 - Definitions. - (1) “Accounting period” means a calendar year unless another 12-month...

738.103 - Fiduciary Duties; General Principles. - (1) In allocating receipts and disbursements to or between principal...

738.104 - Trustee’s Power to Adjust. - (1) A trustee may adjust between principal and income to...

738.1041 - Total Return Unitrust. - (1) For purposes of this section, the term: (a) “Average...

738.105 - Judicial Control of Discretionary Powers. - (1) A court may not change a trustee’s decision to...

738.201 - Determination and Distribution of Net Income. - (1) A fiduciary of an estate or of a terminating...

738.202 - Distribution to Residuary and Remainder Beneficiaries. - (1) Each beneficiary described in s. 738.201(4) is entitled to...

738.301 - When Right to Income Begins and Ends. - (1) An income interest begins on the date specified in...

738.302 - Apportionment of Receipts and Disbursements When Decedent Dies or Income Interest Begins. - (1) A fiduciary shall allocate an income receipt or disbursement...

738.303 - Apportionment When Income Interest Ends. - (1) For purposes of this section, “undistributed income” means net...

738.401 - Character of Receipts. - (1) For purposes of this section, the term “entity” means...

738.402 - Distribution From Trust or Estate. - History.—s. 1, ch. 2002-42; s. 13, ch. 2012-49.

738.403 - Business and Other Activities Conducted by Fiduciary. - (1) If a fiduciary who conducts a business or other...

738.501 - Principal Receipts. - (1) To the extent not allocated to income under this...

738.502 - Rental Property. - History.—s. 1, ch. 2002-42; s. 16, ch. 2012-49.

738.503 - Obligation to Pay Money. - (1) An amount received as interest, whether determined at a...

738.504 - Insurance Policies and Similar Contracts. - (1) Except as otherwise provided in subsection (2), a fiduciary...

738.601 - Insubstantial Allocations Not Required. - (1) The amount of the allocation would increase or decrease...

738.602 - Payments From Deferred Compensation Plans, Annuities, and Retirement Plans or Accounts. - (1) As used in this section, the term: (a) “Fund”...

738.603 - Liquidating Asset. - (1) For purposes of this section, the term “liquidating asset”...

738.604 - Minerals, Water, and Other Natural Resources. - (1) If a fiduciary accounts for receipts from an interest...

738.605 - Timber. - (1) If a fiduciary accounts for receipts from the sale...

738.606 - Property Not Productive of Income. - (1) If a marital deduction under the Internal Revenue Code...

738.607 - Derivatives and Options. - (1) For purposes of this section, “derivative” means a contract...

738.608 - Asset-Backed Securities. - (1) For purposes of this section, “asset-backed security” means an...

738.701 - Disbursements From Income. - (1) One-half of the regular compensation of the fiduciary and...

738.702 - Disbursements From Principal. - (1) A fiduciary shall make the following disbursements from principal:...

738.703 - Transfers From Income to Principal for Depreciation. - (1) For purposes of this section, “depreciation” means a reduction...

738.704 - Transfers From Income to Reimburse Principal. - (1) If a fiduciary makes or expects to make a...

738.705 - Income Taxes. - (1) A tax required to be paid by a fiduciary...

738.706 - Adjustments Between Principal and Income Because of Taxes. - (1) A fiduciary may make adjustments between principal and income...

738.801 - Apportionment of Expenses; Improvements. - (1) For purposes of this section, the term: (a) “Remainderman”...

738.802 - Uniformity of Application and Construction. - History.—s. 1, ch. 2002-42.

738.803 - Severability. - History.—s. 1, ch. 2002-42.

738.804 - Application. - History.—s. 1, ch. 2002-42.