State Codes and Statutes
Statutes > Florida > TitleXLII > Chapter736 > PARTVIII > 736_0817736.0817 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.
