736.0817
Distribution on termination.
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736.0817 Distribution on termination.—Upon the occurrence of an event terminating or partially terminating a trust, the trustee shall proceed expeditiously to distribute the trust property to the persons entitled to the property, subject to the right of the trustee to retain a reasonable reserve for the payment of debts, expenses, and taxes. The provisions of this section are in addition to and are not in derogation of the rights of a trustee under the common law with respect to final distribution of a trust.
History.—s. 8, ch. 2006-217.
Notes of Decisions
Cited in 1
case, 2014–2014 · leading case: Paula Minassian v, Rebecca Rachins and Rick Minassian
Paula Minassian v, Rebecca Rachins and Rick Minassian (2014)
“”); § 736.0817, Fla. Stat. (2008) (“Upon the occurrence of an event terminating or partially terminating a trust, the trustee shall proceed expeditiously to distribute the trust property to the persons entitled to the property.”
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