Florida § 738.310 Other rules

Florida Statutes

§ 738.310 — Other rules

Florida § 738.310

TitleXLII

Ch. 738UNIFORM FIDUCIARY INCOME AND PRINCIPAL ACT

This text of Florida § 738.310 (Other rules) is published on Counsel Stack Legal Research, covering Florida primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Fla. Stat. § 738.310 (2026).

Text

Following the conversion of an income trust to a unitrust, the trustee shall consider the unitrust amount as paid from the following sources, which are listed in order of priority:

(1)Net accounting income determined under this chapter as if the trust were not a unitrust;

(2)Ordinary income not allocable to net accounting income;

(3)Net realized short-term capital gains;

(4)Net realized long-term capital gains; and

(5)The principal of the trust.

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Following the conversion of an income trust to a unitrust, the trustee shall consider the unitrust amount as paid from the following sources, which are listed in order of priority:

(1) Net accounting income determined under this chapter as if the trust were not a unitrust;

(2) Ordinary income not allocable to net accounting income;

(3) Net realized short-term capital gains;

(4) Net realized long-term capital gains; and

(5) The principal of the trust.