Category Archives: Irrevocable Trusts

Does a Florida Trustee Have to Provide Annual Accountings?

In any Florida irrevocable trust, state law requires the trustee to “provide a trust accounting … to each qualified beneficiary at least annually and on termination of the trust or on change of the trustee.” Practically speaking, the trustee must give the beneficiary a “reasonably understandable report” so that the beneficiary can understand what… Read More »