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Law Educator, Esq.
Law Educator, Esq., Attorney
Category: Estate Law
Satisfied Customers: 117358
Experience:  Experienced in Trust and Succession Law, including Louisiana Laws
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What is the records retention requirements in a Florida

Customer Question

What is the records retention requirements in a Florida Irrevocable Trust?
Submitted: 1 year ago.
Category: Estate Law
Expert:  Law Educator, Esq. replied 1 year ago.
Thank you for your question. I look forward to working with you to provide you the information you are seeking for educational purposes only.
FL Code says that the trustee must keep and maintain accurate records and receipts for the time they are trustee. See: FS(###) ###-#### So, they do not have a set records retention schedule to destroy the records. The trustee must keep all of the trust records for the duration of the trust. As far as upon termination of the trust, the statutes of limitations which has the longest time period is for taxes, which is 7 years from termination of the trust, so records would need to be kept at least 7 years beyond the termination of the trust.