Florida Statutes

Fla. Stat. § 736.0804 (2025)

Prudent administration.

✓ 2025 Florida Statutes — current through the 2025 Regular Session

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736.0804 Prudent administration.—A trustee shall administer the trust as a prudent person would, by considering the purposes, terms, distribution requirements, and other circumstances of the trust. In satisfying this standard, the trustee shall exercise reasonable care, skill, and caution.

History.—s. 8, ch. 2006-217.

Notes of Decisions

Cited in 3 cases (3 in the last 5 years), 2021–2023 · leading case: Lacava v. Oleksyk (M.D. Fla. 2023).

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Lacava v. Oleksyk (M.D. Fla. 2023). · cites it 3× “” Fla. Stat. § 736.0804 . As a 529 plan, the trust 6 The Restatement teaches that there may be friction between the trustee and beneficiary.”

Richardson v. Douglass (Bankr. S.D. Florida 2021). · cites it 2× “Fla. Stat. §§ 736.0804 & 736.0816(23); Fla.”

IMO of The Doris J. Foster Inter Vivos Declaration of Trust (Del. Ch. 2022). “62 Fla. Stat. §736.0804 . 63 Resp’t Ex. 1, at 52 (Restatement, §10.”

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