Reimbursement of expenses
Known as the Florida Trust Code
The act spans §§ 736–736 (135 sections).
Applied in 1 court decision — leading case Brown-Thill v. Brown-Thill (2018)
Most recently applied in Brown-Thill v. Brown-Thill (January 2018)
History.--s. 7, ch. 2006-217.
(1) A trustee is entitled to be reimbursed out of the trust property, with interest as appropriate, for reasonable expenses that were properly incurred in the administration of the trust.
(2) An advance by the trustee of money for the protection of the trust gives rise to a lien against trust property to secure reimbursement with reasonable interest.
Official source: Online Sunshine (Florida Legislature). Reproduced from public-domain Florida statutes; confirm against the official source for the current text. Not legal advice.