Florida Statutes Title XLII. Estates and Trusts § 738.307. Applicable value

(a) The frequency of valuing the asset, which need not require a valuation in every period.

(b) The date for valuing the asset in each period in which the asset is valued.

(a) Obtaining an appraisal of an asset for which fair market value is not readily available.

(b) Excluding specific assets or groups or types of assets in addition to those described in subsection (3).

(c) Making other exceptions or modifications of the treatment of specific assets or groups or types of assets.

(d) Including identification and treatment of cash or property held for distribution.

(e) Using an average of fair market values over a stated number of preceding periods, not to exceed 3 calendar years.

(f) Determining the reasonable known liabilities of the trust, including treatment of liabilities to conform with the treatment of assets under paragraphs (a)-(e).

(a) Any residential property or any tangible personal property that, as of the first business day of the current valuation year, one or more current beneficiaries of the trust have or have had the right to occupy or have or have had the right to possess or control, other than in his or her capacity as trustee of the trust. Instead, the right of occupancy or the right to possession and control is the unitrust amount with respect to such property; however, the unitrust amount must be adjusted to take into account partial distributions from or receipt into the trust of such property during the valuation year;

(b) Any asset specifically given to a beneficiary and the return on investment on such property, which return on investment must be distributable to the beneficiary; and

(c) Any asset while held in an estate.