Fla. Stat. 738.308
Period
(1)
A unitrust policy must provide the period used under ss. 738.306 and 738.307. The period must be the calendar year.(2)
A unitrust policy may provide standards for:Using fewer preceding periods under s. 738.306(1)(b)1. or (2)(a) or (b) if:The trust was not in existence in a preceding period; or
Market indices or other published data are not available for a preceding period;
Using fewer preceding periods under s. 738.307(2)(e) if:The trust was not in existence in a preceding period; or
Fair market values are not available for a preceding period; and
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.(a)
Using fewer preceding periods under s. 738.306(1)(b)1. or (2)(a) or (b) if:The trust was not in existence in a preceding period; orMarket indices or other published data are not available for a preceding period;(b)
Using fewer preceding periods under s. 738.307(2)(e) if:The trust was not in existence in a preceding period; orFair market values are not available for a preceding period; and(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.
Source:
Section 738.308 — Period, https://www.flsenate.gov/Laws/Statutes/2024/0738.308 (accessed Aug. 7, 2025).