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EstateDraftFL

Florida Trust accounting

A Florida Trustee generally must keep clear records and provide a Trust accounting to qualified beneficiaries — at least annually, on termination of the Trust, and on a change of Trustee. A compliant accounting has specific content requirements, so good record-keeping from day one makes this far easier.

Last updated September 9, 2026

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The governing provisions

Good practices

  • Open a dedicated Trust account; never commingle Trust funds with your own.
  • Keep every receipt and record each disbursement as it happens.
  • Track assets at date-of-death (or trust-funding) values and current values.
  • Document the reason for each distribution and keep beneficiary communications.

Related reading

General information about Florida law, not legal advice.

Frequently asked questions

What must a Florida trust accounting include?

Generally, a §736.08135 trust accounting shows the trust's assets and liabilities, its receipts and disbursements, and any compensation paid — in enough detail for a beneficiary to understand the administration during the accounting period.

How often must a Florida trustee provide an accounting?

Generally, a trustee of an irrevocable trust must provide a trust accounting at least annually, on the trust's termination, and on a change of trustee, to each qualified beneficiary (§736.08135) — unless the requirement is properly waived.

Who is entitled to a Florida trust accounting?

Generally, the qualified beneficiaries defined in §736.0103 are entitled to a trust accounting. Exactly who qualifies depends on the trust terms and the facts — a good question for a Florida attorney. This is general information, not legal advice.

General information about Florida law, not legal advice.