eLaws of Florida

  SECTION 738.701. Disbursements from income.  


Latest version.
  • 1A fiduciary shall make the following disbursements from income to the extent they are not disbursements to which s. 20738.201(2) 21applies:
    22(1) 23One-half of the regular compensation of the fiduciary and of any person providing investment advisory or custodial services to the fiduciary.
    44(2) 45One-half of all expenses for accountings, judicial proceedings, or other matters that involve both the income and remainder interests.
    64(3) 65All 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.
    112(4) 113Recurring 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.

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Cited by Court Cases:

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