Florida Trust Code
Florida · Florida Trust Code · §§ 736.0101 to 736.1303 · 135 sections
Overview
This act governs the creation, administration, and termination of private and charitable trusts. It sets out how a trust is formed — the methods of creation, the intent and capacity required of the settlor and trustee, the property that funds it, and the writing requirements it must satisfy — and it supplies default rules that apply unless the terms of the trust provide otherwise, alongside a smaller set of mandatory rules that override contrary terms. It also establishes mechanisms for changing a trust after it exists, including revocation or amendment by the settlor, judicial modification, reformation, or termination, division and combination of trusts, termination of trusts too small to justify administration, and distribution of trust property into a second trust, and it addresses recurring substantive questions such as spendthrift provisions, forfeiture clauses, perpetuities limits, and trusts for the care of an animal.
Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.
In the courts
Sections of this act have been cited in 51 court decisions.
Most-cited authority: 624 F. Supp. 2d 970 - Dexia Credit Local v. Rogan
Sections covered
- Fla. Stat. § 736.0101Short title1 cite
- Fla. Stat. § 736.0102Scope1 cite
- Fla. Stat. § 736.0103Definitions2 cites
- Fla. Stat. § 736.0104Knowledge
- Fla. Stat. § 736.0105Default and mandatory rules
- Fla. Stat. § 736.0106Common law of trusts; principles of equity1 cite
- Fla. Stat. § 736.0107Governing law1 cite
- Fla. Stat. § 736.0108Principal place of administration
- Fla. Stat. § 736.0109Methods and waiver of notice
- Fla. Stat. § 736.0110Others treated as qualified beneficiaries
- Fla. Stat. § 736.0111Nonjudicial settlement agreements1 cite
- Fla. Stat. § 736.0112Qualification of foreign trustee
- Fla. Stat. § 736.0201Role of court in trust proceedings1 cite
- Fla. Stat. § 736.0202Jurisdiction over trustee and beneficiary1 cite
- Fla. Stat. § 736.02025Service of process
- Fla. Stat. § 736.0203Subject matter jurisdiction
- Fla. Stat. § 736.0204Venue1 cite
- Fla. Stat. § 736.0206Proceedings for review of employment of agents and review of compensation of trustee and employees of trust
- Fla. Stat. § 736.0207Trust contests
- Fla. Stat. § 736.0301Representation; basic effect
- Fla. Stat. § 736.0302Representation by holder of power of appointment
- Fla. Stat. § 736.0303Representation by fiduciaries and parents
- Fla. Stat. § 736.0304Representation by person having substantially identical interest
- Fla. Stat. § 736.0305Appointment of representative
- Fla. Stat. § 736.0306Designated representative
- Fla. Stat. § 736.0401Methods of creating trust
- Fla. Stat. § 736.0402Requirements for creation2 cites
- Fla. Stat. § 736.0403Trusts created in other jurisdictions; formalities required for revocable trusts1 cite
- Fla. Stat. § 736.0404Trust purposes
- Fla. Stat. § 736.0405Charitable purposes; enforcement
- Fla. Stat. § 736.0406Effect of fraud, duress, mistake, or undue influence1 cite
- Fla. Stat. § 736.0407Evidence of oral trust
- Fla. Stat. § 736.0408Trust for care of an animal
- Fla. Stat. § 736.0409Noncharitable trust without ascertainable beneficiary
- Fla. Stat. § 736.0410Modification or termination of trust; proceedings for disapproval of nonjudicial acts
- Fla. Stat. § 736.04113Judicial modification of irrevocable trust when modification is not inconsistent with settlor’s purpose1 cite
- Fla. Stat. § 736.04114Limited judicial construction of irrevocable trust with federal tax provisions
- Fla. Stat. § 736.04115Judicial modification of irrevocable trust when modification is in best interests of beneficiaries
- Fla. Stat. § 736.04117Trustee’s power to invade principal in trust1 cite
- Fla. Stat. § 736.0412Nonjudicial modification of irrevocable trust1 cite
- Fla. Stat. § 736.0413Cy pres
- Fla. Stat. § 736.0414Modification or termination of uneconomic trust
- Fla. Stat. § 736.0415Reformation to correct mistakes2 cites
- Fla. Stat. § 736.0416Modification to achieve settlor’s tax objectives
- Fla. Stat. § 736.0417Combination and division of trusts
- Fla. Stat. § 736.0501Rights of beneficiary’s creditor or assignee
- Fla. Stat. § 736.0502Spendthrift provision1 cite
- Fla. Stat. § 736.0503Exceptions to spendthrift provision
- Fla. Stat. § 736.0504Discretionary trusts; effect of standard1 cite
- Fla. Stat. § 736.0505Creditors’ claims against settlor4 cites
- Fla. Stat. § 736.05053Trustee’s duty to pay expenses and obligations of settlor’s estate
- Fla. Stat. § 736.05055Notice of trust
- Fla. Stat. § 736.0506Overdue distribution
- Fla. Stat. § 736.0507Personal obligations of trustee
- Fla. Stat. § 736.0601Capacity of settlor of revocable trust
- Fla. Stat. § 736.0602Revocation or amendment of revocable trust
- Fla. Stat. § 736.0603Settlor’s powers; powers of withdrawal
- Fla. Stat. § 736.0604Limitation on action contesting validity of revocable trust
- Fla. Stat. § 736.0701Accepting or declining trusteeship
- Fla. Stat. § 736.0702Trustee’s bond
- Fla. Stat. § 736.0703Cotrustees
- Fla. Stat. § 736.0704Vacancy in trusteeship; appointment of successor
- Fla. Stat. § 736.0705Resignation of trustee
- Fla. Stat. § 736.0706Removal of trustee3 cites
- Fla. Stat. § 736.0707Delivery of property by former trustee
- Fla. Stat. § 736.0708Compensation of trustee1 cite
- Fla. Stat. § 736.0709Reimbursement of expenses1 cite
- Fla. Stat. § 736.0801Duty to administer trust2 cites
- Fla. Stat. § 736.0802Duty of loyalty2 cites
- Fla. Stat. § 736.0803Impartiality
- Fla. Stat. § 736.0804Prudent administration
- Fla. Stat. § 736.0805Expenses of administration
- Fla. Stat. § 736.0806Trustee’s skills
- Fla. Stat. § 736.0807Delegation by trustee
- Fla. Stat. § 736.0809Control and protection of trust property
- Fla. Stat. § 736.0810Recordkeeping and identification of trust property
- Fla. Stat. § 736.08105Duty to ascertain marketable title of trust real property
- Fla. Stat. § 736.0811Enforcement and defense of claims2 cites
- Fla. Stat. § 736.0812Collecting trust property
- Fla. Stat. § 736.08125Protection of successor trustees
- Fla. Stat. § 736.0813Duty to inform and account
- Fla. Stat. § 736.08135Trust accountings
- Fla. Stat. § 736.0814Discretionary powers; tax savings
- Fla. Stat. § 736.08145Grantor trust reimbursement
- Fla. Stat. § 736.08147Duty to distribute trust income
- Fla. Stat. § 736.0815General powers of trustee
- Fla. Stat. § 736.0816Specific powers of trustee1 cite
- Fla. Stat. § 736.08163Powers of trustees relating to environmental or human health laws or to trust property contaminated with hazardous or toxic substances; liability
- Fla. Stat. § 736.08165Administration pending outcome of contest or other proceeding
- Fla. Stat. § 736.0817Distribution on termination
- Fla. Stat. § 736.0901Applicability of chapter 5181 cite
- Fla. Stat. § 736.0902Nonapplication of prudent investor rule
- Fla. Stat. § 736.1001Remedies for breach of trust1 cite
- Fla. Stat. § 736.1002Damages for breach of trust
- Fla. Stat. § 736.1003Damages in absence of breach
- Fla. Stat. § 736.1004Attorney’s fees and costs2 cites
- Fla. Stat. § 736.1005Attorney fees for services to the trust2 cites
- Fla. Stat. § 736.1006Costs in trust proceedings
- Fla. Stat. § 736.1007Trustee’s attorney fees2 cites
- Fla. Stat. § 736.1008Limitations on proceedings against trustees1 cite
- Fla. Stat. § 736.10085Claims against former trustees
- Fla. Stat. § 736.1009Reliance on trust instrument
- Fla. Stat. § 736.1010Event affecting administration or distribution
- Fla. Stat. § 736.1011Exculpation of trustee
- Fla. Stat. § 736.1012Beneficiary’s consent, release, or ratification
- Fla. Stat. § 736.1013Limitation on personal liability of trustee2 cites
- Fla. Stat. § 736.1014Limitations on actions against certain trusts1 cite
- Fla. Stat. § 736.1015Interest as general partner
- Fla. Stat. § 736.1016Protection of person dealing with trustee
- Fla. Stat. § 736.1017Certification of trust
- Fla. Stat. § 736.1018Improper distribution or payment; liability of distributee
- Fla. Stat. § 736.1101Rules of construction; general provisions
- Fla. Stat. § 736.1102Construction of terms
- Fla. Stat. § 736.1103Gifts to multigeneration classes to be per stirpes
- Fla. Stat. § 736.1104Person not entitled to receive property or other benefits by reason of victim’s death
- Fla. Stat. § 736.1105Effect of subsequent marriage, birth, adoption, or dissolution of marriage
- Fla. Stat. § 736.1106Antilapse; survivorship with respect to future interests under terms of inter vivos and testamentary trusts; substitute takers
- Fla. Stat. § 736.1107Change in securities; accessions; nonademption
- Fla. Stat. § 736.1108Penalty clause for contest
- Fla. Stat. § 736.1109Testamentary and revocable trusts; homestead protections
- Fla. Stat. § 736.1110Ademption by satisfaction
- Fla. Stat. § 736.1201Definitions
- Fla. Stat. § 736.1202Application of this part
- Fla. Stat. § 736.1203Trustee of a private foundation trust or a split interest trust
- Fla. Stat. § 736.1204Powers and duties of trustee of a private foundation trust or a split interest trust
- Fla. Stat. § 736.1205Notice that this part does not apply
- Fla. Stat. § 736.1206Power to amend trust instrument
- Fla. Stat. § 736.1207Power of court to permit deviation
- Fla. Stat. § 736.1208Release; property and persons affected; manner of effecting
- Fla. Stat. § 736.1209Election to come under this part
- Fla. Stat. § 736.1210Interpretation
- Fla. Stat. § 736.1211Protections afforded to certain charitable trusts and organizations
- Fla. Stat. § 736.1301Electronic records and signatures
- Fla. Stat. § 736.1302Severability clause
- Fla. Stat. § 736.1303Application to existing relationships2 cites
Enacted in other states
Arkansas, Iowa, Illinois, Louisiana, Minnesota, New Hampshire, Texas, Vermont, Wisconsin
Download
Copy
Embed on your site
Hover to preview · click to copy the code