Florida Statutes § 738.308

Period

2026 Florida Statutes.

Amended 2026 Florida StatutesSee what changed

  1. (1)
    A unitrust policy must provide the period used under ss. 738.306 and 738.307. The period must be the calendar year.
  2. (2)
    A unitrust policy may provide standards for:
    1. (a)
      Using fewer preceding periods under s. 738.306(1)(b)1. or (2)(a) or (b) if: 1. The trust was not in existence in a preceding period; or 2. Market indices or other published data are not available for a preceding period;
    2. (b)
      Using fewer preceding periods under s. 738.307(2)(e) if: 1. The trust was not in existence in a preceding period; or 2. Fair market values are not available for a preceding period; and
    3. (c)
      Prorating a unitrust amount on a daily basis for a part of a period in which the trust or the administration of the trust as a unitrust or the interest of any beneficiary commences or terminates.

History

History.—s. 17, ch. 2024-216.