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Florida Probate Blog

Posts Tagged: legislative updates

Florida Trust and Estate Law Updates

Written by on Dec 4, 2008| Posted in: General

2008 Legislative Action Affecting Trusts and Estates It was a busy summer in Tallahassee for our legislature. Below are summaries of some of the House and Senate Bills that were signed into law by Governor Crist affecting probate practitioners and litigators: Fla.Stat. ยง736.0703 (2008 Fla.Laws 76). The amendment to the Florida Trust Code, by virtue of a Council substitute for House Bill 435, became effective July 1, 2008, and clarifies the liability of a trustee who is required under the terms of the trust to follow the directions of another trustee. Specifically, the law now provides that “if the terms of a trust instrument provide for the appointment of more than one trustee but confer upon one or more of the trustees, to the exclusion of the others, the power to direct or prevent specified actions of the trustees, the excluded trustees shall act in accordance with the exercise of […]

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