2011 Florida Statutes
PRINCIPAL AND INCOME
Fiduciary duties; general principles.
Trustee’s power to adjust.
Total return unitrust.
Judicial control of discretionary powers.
Determination and distribution of net income.
Distribution to residuary and remainder beneficiaries.
When right to income begins and ends.
Apportionment of receipts and disbursements when decedent dies or income interest begins.
Apportionment when income interest ends.
Character of receipts.
Distribution from trust or estate.
Business and other activities conducted by trustee.
Obligation to pay money.
Insurance policies and similar contracts.
Insubstantial allocations not required.
Payments from deferred compensation plans, annuities, and retirement plans or accounts.
Minerals, water, and other natural resources.
Property not productive of income.
Derivatives and options.
Disbursements from income.
Disbursements from principal.
Transfers from income to principal for depreciation.
Transfers from income to reimburse principal.
Adjustments between principal and income because of taxes.
Application with respect to apportionment of expenses; improvements.
Uniformity of application and construction.