Florida Statutes (Last Updated: April 21, 2021) |
TITLE XLII. ESTATES AND TRUSTS |
CHAPTER 736. FLORIDA TRUST CODE |
PART I. GENERAL PROVISIONS AND DEFINITIONS |
SECTION 736.0101. Short title. |
SECTION 736.0102. Scope. |
SECTION 736.0103. Definitions. |
SECTION 736.0104. Knowledge. |
SECTION 736.0105. Default and mandatory rules. |
SECTION 736.0106. Common law of trusts; principles of equity. |
SECTION 736.0107. Governing law. |
SECTION 736.0108. Principal place of administration. |
SECTION 736.0109. Methods and waiver of notice. |
SECTION 736.0110. Others treated as qualified beneficiaries. |
SECTION 736.0111. Nonjudicial settlement agreements. |
SECTION 736.0112. Qualification of foreign trustee. |
PART II. JUDICIAL PROCEEDINGS |
SECTION 736.0201. Role of court in trust proceedings. |
SECTION 736.0202. Jurisdiction over trustee and beneficiary. |
SECTION 736.02025. Service of process. |
SECTION 736.0203. Subject matter jurisdiction. |
SECTION 736.0204. Venue. |
SECTION 736.0206. Proceedings for review of employment of agents and review of compensation of trustee and employees of trust. |
SECTION 736.0207. Trust contests. |
PART III. REPRESENTATION |
SECTION 736.0301. Representation; basic effect. |
SECTION 736.0302. Representation by holder of power of appointment. |
SECTION 736.0303. Representation by fiduciaries and parents. |
SECTION 736.0304. Representation by person having substantially identical interest. |
SECTION 736.0305. Appointment of representative. |
SECTION 736.0306. Designated representative. |
PART IV. CREATION, VALIDITY, MODIFICATION, AND TERMINATION |
SECTION 736.0401. Methods of creating trust. |
SECTION 736.0402. Requirements for creation. |
SECTION 736.0403. Trusts created in other jurisdictions; formalities required for revocable trusts. |
SECTION 736.0404. Trust purposes. |
SECTION 736.0405. Charitable purposes; enforcement. |
SECTION 736.0406. Effect of fraud, duress, mistake, or undue influence. |
SECTION 736.0407. Evidence of oral trust. |
SECTION 736.0408. Trust for care of an animal. |
SECTION 736.0409. Noncharitable trust without ascertainable beneficiary. |
SECTION 736.0410. Modification or termination of trust; proceedings for disapproval of nonjudicial acts. |
SECTION 736.04113. Judicial modification of irrevocable trust when modification is not inconsistent with settlor’s purpose. |
SECTION 736.04114. Limited judicial construction of irrevocable trust with federal tax provisions. |
SECTION 736.04115. Judicial modification of irrevocable trust when modification is in best interests of beneficiaries. |
SECTION 736.04117. Trustee’s power to invade principal in trust. |
SECTION 736.0412. Nonjudicial modification of irrevocable trust. |
SECTION 736.0413. Cy pres. |
SECTION 736.0414. Modification or termination of uneconomic trust. |
SECTION 736.0415. Reformation to correct mistakes. |
SECTION 736.0416. Modification to achieve settlor’s tax objectives. |
SECTION 736.0417. Combination and division of trusts. |
PART V. CREDITORS' CLAIMS; SPENDTHRIFT AND DISCRETIONARY TRUSTS |
SECTION 736.0501. Rights of beneficiary’s creditor or assignee. |
SECTION 736.0502. Spendthrift provision. |
SECTION 736.0503. Exceptions to spendthrift provision. |
SECTION 736.0504. Discretionary trusts; effect of standard. |
SECTION 736.0505. Creditors’ claims against settlor. |
SECTION 736.05053. Trustee’s duty to pay expenses and obligations of settlor’s estate. |
SECTION 736.05055. Notice of trust. |
SECTION 736.0506. Overdue distribution. |
SECTION 736.0507. Personal obligations of trustee. |
PART VI. REVOCABLE TRUSTS |
SECTION 736.0601. Capacity of settlor of revocable trust. |
SECTION 736.0602. Revocation or amendment of revocable trust. |
SECTION 736.0603. Settlor’s powers; powers of withdrawal. |
SECTION 736.0604. Limitation on action contesting validity of revocable trust. |
PART VII. OFFICE OF TRUSTEE |
SECTION 736.0701. Accepting or declining trusteeship. |
SECTION 736.0702. Trustee’s bond. |
SECTION 736.0703. Cotrustees. |
SECTION 736.0704. Vacancy in trusteeship; appointment of successor. |
SECTION 736.0705. Resignation of trustee. |
SECTION 736.0706. Removal of trustee. |
SECTION 736.0707. Delivery of property by former trustee. |
SECTION 736.0708. Compensation of trustee. |
SECTION 736.0709. Reimbursement of expenses. |
PART VIII. DUTIES AND POWERS OF TRUSTEE |
SECTION 736.0801. Duty to administer trust. |
SECTION 736.0802. Duty of loyalty. |
SECTION 736.0803. Impartiality. |
SECTION 736.0804. Prudent administration. |
SECTION 736.0805. Expenses of administration. |
SECTION 736.0806. Trustee’s skills. |
SECTION 736.0807. Delegation by trustee. |
SECTION 736.0808. Powers to direct. |
SECTION 736.0809. Control and protection of trust property. |
SECTION 736.0810. Recordkeeping and identification of trust property. |
SECTION 736.08105. Duty to ascertain marketable title of trust real property. |
SECTION 736.0811. Enforcement and defense of claims. |
SECTION 736.0812. Collecting trust property. |
SECTION 736.08125. Protection of successor trustees. |
SECTION 736.0813. Duty to inform and account. |
SECTION 736.08135. Trust accountings. |
SECTION 736.0814. Discretionary powers; tax savings. |
SECTION 736.08145. Grantor trust reimbursement. |
SECTION 736.08147. Duty to distribute trust income. |
SECTION 736.0815. General powers of trustee. |
SECTION 736.0816. Specific powers of trustee. |
SECTION 736.08163. Powers of trustees relating to environmental or human health laws or to trust property contaminated with hazardous or toxic substances; liability. |
SECTION 736.08165. Administration pending outcome of contest or other proceeding. |
SECTION 736.0817. Distribution on termination. |
PART IX. TRUST INVESTMENTS |
SECTION 736.0901. Applicability of chapter 518. |
SECTION 736.0902. Nonapplication of prudent investor rule. |
PART X. LIABILITY OF TRUSTEE AND RIGHTS OF PERSONS DEALING WITH TRUSTEE |
SECTION 736.1001. Remedies for breach of trust. |
SECTION 736.1002. Damages for breach of trust. |
SECTION 736.1003. Damages in absence of breach. |
SECTION 736.1004. Attorney’s fees and costs. |
SECTION 736.1005. Attorney fees for services to the trust. |
SECTION 736.1006. Costs in trust proceedings. |
SECTION 736.1007. Trustee’s attorney fees. |
SECTION 736.1008. Limitations on proceedings against trustees. |
SECTION 736.1009. Reliance on trust instrument. |
SECTION 736.1010. Event affecting administration or distribution. |
SECTION 736.1011. Exculpation of trustee. |
SECTION 736.1012. Beneficiary’s consent, release, or ratification. |
SECTION 736.1013. Limitation on personal liability of trustee. |
SECTION 736.1014. Limitations on actions against certain trusts. |
SECTION 736.1015. Interest as general partner. |
SECTION 736.1016. Protection of person dealing with trustee. |
SECTION 736.1017. Certification of trust. |
SECTION 736.1018. Improper distribution or payment; liability of distributee. |
PART XI. RULES OF CONSTRUCTION |
SECTION 736.1101. Rules of construction; general provisions. |
SECTION 736.1102. Construction of terms. |
SECTION 736.1103. Gifts to multigeneration classes to be per stirpes. |
SECTION 736.1104. Killer not entitled to receive property or other benefits by reason of victim’s death. |
SECTION 736.1105. Dissolution of marriage; effect on revocable trust. |
SECTION 736.1106. Antilapse; survivorship with respect to future interests under terms of inter vivos and testamentary trusts; substitute takers. |
SECTION 736.1107. Change in securities; accessions; nonademption. |
SECTION 736.1108. Penalty clause for contest. |
PART XII. CHARITABLE TRUSTS |
SECTION 736.1201. Definitions. |
SECTION 736.1202. Application of this part. |
SECTION 736.1203. Trustee of a private foundation trust or a split interest trust. |
SECTION 736.1204. Powers and duties of trustee of a private foundation trust or a split interest trust. |
SECTION 736.1205. Notice that this part does not apply. |
SECTION 736.1206. Power to amend trust instrument. |
SECTION 736.1207. Power of court to permit deviation. |
SECTION 736.1208. Release; property and persons affected; manner of effecting. |
SECTION 736.1209. Election to come under this part. |
SECTION 736.1210. Interpretation. |
SECTION 736.1211. Protections afforded to certain charitable trusts and organizations. |
PART XIII. MISCELLANEOUS |
SECTION 736.1301. Electronic records and signatures. |
SECTION 736.1302. Severability clause. |
SECTION 736.1303. Application to existing relationships. |