A trustee shall administer the trust as a prudent person would, by considering the purposes, terms, distribution requirements, and other circumstances of the trust. In satisfying this standard, the trustee shall exercise reasonable care, skill, and caution.
Fla. Stat. § 736.0804
Prudent administration
Known as the Florida Trust Code
The act spans §§ 736.0101 to 736.1303 (135 sections).
History.--s. 8, ch. 2006-217.
Official source: Online Sunshine (Florida Legislature). Reproduced from public-domain Florida statutes; confirm against the official source for the current text. Not legal advice.