Florida Uniform Directed Trust Act
Florida · Florida Trust Code · §§ 736.1401 to 736.1416 · 14 sections
Overview
The Uniform Directed Trust Act governs trusts in which a person other than the trustee — a trust director — holds power over some aspect of the trust, and the trustee is expected to act at that person's direction. It defines the scope of and limits on a trust director's powers and allocates fiduciary duty and liability between the director and the directed trustee, including their obligations to share information with one another and the absence of any general duty to monitor, inform, or advise. It also covers how those rules apply where cotrustees are involved, the time limits and defenses available in actions brought against a trust director, personal jurisdiction over directors, and the mechanics of the office of trust director itself.
Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.
Sections covered
- Fla. Stat. § 736.1401Short title
- Fla. Stat. § 736.1403Application; principal place of administration
- Fla. Stat. § 736.1405Exclusions
- Fla. Stat. § 736.1406Power of trust director
- Fla. Stat. § 736.1407Limitations on trust director
- Fla. Stat. § 736.1408Duty and liability of trust director
- Fla. Stat. § 736.1409Duty and liability of directed trustee
- Fla. Stat. § 736.141Duty to provide information
- Fla. Stat. § 736.1411No duty to monitor, inform, or advise
- Fla. Stat. § 736.1412Application to cotrustee
- Fla. Stat. § 736.1413Limitation of action against trust director
- Fla. Stat. § 736.1414Defenses in action against trust director
- Fla. Stat. § 736.1415Jurisdiction over trust director
- Fla. Stat. § 736.1416Office of trust director
Enacted in other states
Arkansas, California, Connecticut, Indiana, Montana, New Mexico, Vermont, West Virginia
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