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The Florida Senate

2005 Florida Statutes

Trustee's duty concerning location of trust.
Section 737.305, Florida Statutes 2005

737.305  Trustee's duty concerning location of trust.--A trustee is under a continuing duty to administer the trust at a place appropriate to the purposes of the trust and its sound, efficient management. If the principal place of administration becomes inappropriate for any reason, the court may enter an order for the purposes of furthering efficient administration and the interests of beneficiaries, including, if appropriate, removal of the trustee and appointment of a trustee in another state. Trust provisions relating to the place of administration and to changes in the place of administration or of trustee shall control, unless compliance would be contrary to efficient administration or the purposes of the trust. Views of adult beneficiaries shall be given weight in determining the suitability of the trustee and the place of administration.

History.--s. 1, ch. 74-106; s. 7, ch. 75-221; s. 7, ch. 77-344.