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Fla. Stat. § 736.1506

Satisfaction of obligations

Known as the Community Property Trust Act

The act spans §§ 736.1501 to 736.1512 (12 sections).

History.--s. 34, ch. 2021-183.

Except as provided in s. 4, Art. X of the State Constitution:

(1) An obligation solely incurred by one settlor spouse before or during the marriage may be satisfied from that settlor spouse’s one-half share of a community property trust, unless a greater amount is otherwise provided in the community property trust agreement.

(2) An obligation incurred by both spouses during the marriage may be satisfied from a community property trust of the settlor spouses.

Official source: Online Sunshine (Florida Legislature). Reproduced from public-domain Florida statutes; confirm against the official source for the current text. Not legal advice.