Fla. Stat. 738.701
When right to income begins and ends
(1)
An income beneficiary is entitled to net income in accordance with the terms of the trust from the date an income interest begins. The income interest begins on the date specified in the terms of the trust or, if no date is specified, on the date an asset becomes subject to:The trust for the current income beneficiary; orA successive interest for a successor beneficiary.(a)
The trust for the current income beneficiary; or(b)
A successive interest for a successor beneficiary.(2)
An asset becomes subject to a trust under paragraph (1)(a):For an asset that is transferred to the trust during the settlor’s life, on the date the asset is transferred;For an asset that becomes subject to the trust because of a decedent’s death, on the date of the decedent’s death, even if there is an intervening period of administration of the decedent’s estate; orFor an asset that is transferred to a fiduciary by a third party because of a decedent’s death, on the date of the decedent’s death.(a)
For an asset that is transferred to the trust during the settlor’s life, on the date the asset is transferred;(b)
For an asset that becomes subject to the trust because of a decedent’s death, on the date of the decedent’s death, even if there is an intervening period of administration of the decedent’s estate; or(c)
For an asset that is transferred to a fiduciary by a third party because of a decedent’s death, on the date of the decedent’s death.(3)
An asset becomes subject to a successive interest under paragraph (1)(b) on the day after the preceding income interest ends, as determined under subsection (4), even if there is an intervening period of administration to wind up the preceding income interest.(4)
An income interest ends on the day before an income beneficiary dies or another terminating event occurs, or on the last day of a period during which there is no beneficiary to which a fiduciary may or must distribute income.
Source:
Section 738.701 — When right to income begins and ends, https://www.flsenate.gov/Laws/Statutes/2024/0738.701 (accessed Aug. 7, 2025).