736.0810 Recordkeeping and identification of trust property.

736.0810 Recordkeeping and identification of trust property.

   (1) A trustee shall keep clear, distinct, and accurate records of the administration of the trust.

   (2) A trustee shall keep trust property separate from the trustee’s own property.

   (3) Except as otherwise provided in subsection (4), a trustee shall cause the trust property to be designated so that the interest of the trust, to the extent feasible, appears in records maintained by a party other than a trustee or beneficiary.

   (4) If the trustee maintains records clearly indicating the respective interests, a trustee may invest as a whole the property of two or more separate trusts.

History. s. 8, ch. 2006-217.