Online Sunshine Logo
Official Internet Site of the Florida Legislature
October 18, 2019
Text: 'NEW Advanced Legislative Search'
Interpreter Services for the Deaf and Hard of Hearing
Go to MyFlorida House
Select Year:  
The Florida Statutes

The 2019 Florida Statutes

Title XLII
ESTATES AND TRUSTS
Chapter 738
PRINCIPAL AND INCOME
View Entire Chapter
F.S. 738.701
738.701 Disbursements from income.A fiduciary shall make the following disbursements from income to the extent they are not disbursements to which s. 738.201(2) applies:
(1) One-half of the regular compensation of the fiduciary and of any person providing investment advisory or custodial services to the fiduciary.
(2) One-half of all expenses for accountings, judicial proceedings, or other matters that involve both the income and remainder interests.
(3) All of the other ordinary expenses incurred in connection with the administration, management, or preservation of trust property and the distribution of income, including interest, ordinary repairs, regularly recurring taxes assessed against principal, and expenses of a proceeding or other matter that concerns primarily the income interest.
(4) Recurring premiums on insurance covering the loss of a principal asset or the loss of income from or use of the asset.
History.s. 1, ch. 2002-42; s. 27, ch. 2012-49.