Skip to Navigation | Skip to Main Content | Skip to Site Map

MyFloridaHouse.gov | Mobile Site

Senate Tracker: Sign Up | Login

The Florida Senate

CS/SB 1170: Florida Trust Code

GENERAL BILL by Judiciary ; Aronberg

Florida Trust Code; creates "Florida Trust Code"; provides general provisions & definitions; provides for judicial proceedings; provides for creation, validity, modification, & termination of trusts; provides for spendthrift, discretionary, & revocable trusts; provides for liability of trustee & rights of persons dealing with trustee; abolishes worthier title doctrine; provides construction of certain instrument language, etc. Amends FS.

Effective Date: 07/01/2007
Last Action: 6/14/2006 - Approved by Governor; Chapter No. 2006-217; See also HB 191 (Ch. 2006-77)
Bill Text: Web Page | PDF

Expand All Collapse All

  • Bill History

    Date Chamber Action
    12/9/2005 Senate • Filed
    1/11/2006 Senate • Referred to Judiciary; Banking and Insurance
    3/3/2006 Senate • On Committee agenda-- Judiciary, 03/08/06, 2:00 pm, 401-S
    3/7/2006 Senate • Introduced, referred to Judiciary; Banking and Insurance -SJ 00110; On Committee agenda-- Judiciary, 03/08/06, 2:00 pm, 401-S
    3/8/2006 Senate • CS by Judiciary; YEAS 6 NAYS 0 -SJ 00236; CS read first time on 03/15/06 -SJ 00249
    3/10/2006 Senate • Now in Banking and Insurance -SJ 00236
    3/16/2006 Senate • On Committee agenda-- Banking and Insurance, 03/21/06, 2:00 pm, 412-K
    3/21/2006 Senate • Favorable by- Banking and Insurance; YEAS 8 NAYS 0 -SJ 00276
    3/22/2006 Senate • Placed on Calendar, on second reading -SJ 00276
    3/30/2006 Senate • Placed on Special Order Calendar -SJ 00354; Read second time -SJ 00349
    4/5/2006 Senate • Read third time -SJ 00367; CS passed; YEAS 39 NAYS 0 -SJ 00367
    4/6/2006 House • In Messages
    4/18/2006 House • Received, referred to Calendar -HJ 00459
    4/20/2006 House • Placed on Special Order Calendar; Substituted for HB 425 -HJ 00535; Read second time -HJ 00535
    4/21/2006 House • Read third time -HJ 00545; CS passed; YEAS 113 NAYS 0 -HJ 00545
    4/24/2006 Senate • Ordered enrolled -SJ 00607
    6/7/2006 • Signed by Officers and presented to Governor
    6/14/2006 • Approved by Governor; Chapter No. 2006-217; See also HB 191 (Ch. 2006-77)

    Top of SectionTop of Page

  • CS/SB 1170, Enrolled (Current Bill Version) Posted 4/24/2006 at 5:37 PM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Related Bills (3)

    Bill Number Subject Filed By Relationship Last Action and Location
    H 425 Mahon Similar Last Action: 4/20/2006 H Placed on Special Order Calendar; Substituted CS/SB 1170; Laid on Table, Link/Iden/Sim/Compare passed, refer to CS/SB 1170 (Ch. 2006-217), HB 191 (Ch. 2006-77) -HJ 00535
    Location:
    H 191 (e1) Bogdanoff Compare Last Action: 6/6/2006 Approved by Governor; Chapter No. 2006-77; See also HB 193 (Ch. 2006-129), CS/SB 1170 (Ch. 2006-217)
    Location:
    S 356 (e1) Guardianship/Court Monitors Campbell Compare Last Action: 4/19/2006 S Substituted HB 191 -SJ 00437; Laid on Table, Link/Iden/Sim/Compare passed, refer to HB 191 (Ch. 2006-77), HB 193 (Ch. 2006-129), CS/SB 1170 (Ch. 2006-217)
    Location:

    Citations - Statutes (224)

    Citation Catchline Location in Bill Location In Bill Help
    497.458 Disposition of proceeds received on contracts.
    518.117
    607.0802 Qualifications of directors.
    660.25 Definitions.
    660.417 Investment of fiduciary funds into mutual fund accounts; permissible activity under certain circumstances.
    660.418 Investment of fiduciary funds in syndicate securities.
    660.46 Substitution of fiduciaries.
    689.071 Land trusts transferring interests in real estate; ownership vests in trustee.
    689.075 Inter vivos trusts; powers retained by settlor.
    689.175
    709.08 Durable power of attorney.
    721.08 Escrow accounts; nondisturbance instruments; alternate security arrangements; transfer of legal title.
    721.53 Subordination instruments; alternate security arrangements.
    731.103 Evidence as to death or status.
    731.1035
    731.201 General definitions.
    731.303 Representation.
    732.2075 Sources from which elective share payable; abatement.
    732.513 Devises to trustee.
    732.603 Antilapse; deceased devisee; class gifts.
    732.604 Failure of testamentary provision.
    732.611 Devises to be per stirpes.
    733.212 Notice of administration; filing of objections.
    733.602 General duties.
    733.805 Order in which assets abate.
    733.817 Apportionment of estate taxes.
    736.0101
    736.0102
    736.0103
    736.0104
    736.0105
    736.0106
    736.0107
    736.0108
    736.0109
    736.0110
    736.0111
    736.0112
    736.0201
    736.0202
    736.0203
    736.0204
    736.0205
    736.0206
    736.0207
    736.0301
    736.0302
    736.0303
    736.0304
    736.0305
    736.0306
    736.0401
    736.0402
    736.0403
    736.0404
    736.0405
    736.0406
    736.0407
    736.0408
    736.0409
    736.0410
    736.04113
    736.04115
    736.0412
    736.0413
    736.0414
    736.0415
    736.0416
    736.0417
    736.0501
    736.0502
    736.0503
    736.0504
    736.0505
    736.05053
    736.05055
    736.0506
    736.0507
    736.0601
    736.0602
    736.0603
    736.0604
    736.0701
    736.0702
    736.0703
    736.0704
    736.0705
    736.0706
    736.0707
    736.0708
    736.0709
    736.0801
    736.0802
    736.0803
    736.0804
    736.0805
    736.0806
    736.0807
    736.0808
    736.0809
    736.0810
    736.08105
    736.0811
    736.0812
    736.08125
    736.0813
    736.08135
    736.0814
    736.08147
    736.0815
    736.0816
    736.08163
    736.08165
    736.0817
    736.0901
    736.1001
    736.1002
    736.1003
    736.1004
    736.1005
    736.1006
    736.1007
    736.1008
    736.1009
    736.1010
    736.1011
    736.1012
    736.1013
    736.1014
    736.1015
    736.1016
    736.1017
    736.1018
    736.1101
    736.1102
    736.1103
    736.1104
    736.1105
    736.1106
    736.1107
    736.1108
    736.1201
    736.1202
    736.1203
    736.1204
    736.1205
    736.1206
    736.1207
    736.1208
    736.1209
    736.1210
    736.1301
    736.1302
    736.1303
    737.101 Principal place of administration of trust.
    737.105 Qualification of foreign trustee.
    737.106 Revocable trust prior to dissolution of marriage.
    737.111 Execution requirements for express trusts.
    737.115 Notice of trustee duties.
    737.116 Trust for care of animal.
    737.201 Court powers over trusts.
    737.202 Trust proceedings; venue.
    737.203 Trust proceedings; dismissal of matters relating to foreign trusts.
    737.2035 Costs and attorney's fees in trust proceedings.
    737.204 Proceedings for review of employment of agents and review of compensation of trustee and employees of trust.
    737.2041 Trustee's attorney's fees.
    737.205 Trust proceedings; commencement.
    737.206 Effect of fraud, duress, mistake, and undue influence.
    737.2065 Trust contests.
    737.207 Penalty clause for contest.
    737.208 Administration pending outcome of contest or other proceeding.
    737.209 Improper distribution or payment; liability of distributee.
    737.301 General duties not limited.
    737.302 Trustee's standard of care and performance.
    737.303 Duty to inform and account to beneficiaries.
    737.3035 Trust accountings.
    737.304 Duty to provide bond.
    737.305 Trustee's duty concerning location of trust.
    737.3053 Trustee's duty to distribute trust income.
    737.3054 Trustee's duty to pay expenses and obligations of grantor's estate.
    737.3055 Trustee's duty to ascertain marketable title of trust real property.
    737.306 Personal liability of trustee.
    737.3061 Limitations on actions against certain trusts.
    737.307 Limitations on proceedings against trustees after beneficiary receives trust disclosure documents.
    737.308 Notice of trust.
    737.309 Resignation of trustee.
    737.401 Powers of trustee conferred by trust or by law.
    737.402 Powers of trustees conferred by this part.
    737.4025 Powers of trustees conferred by this part in relation to environmental or human health laws affecting trust property or to trust property contaminated with hazardous or toxic substances; liability.
    737.403 Power of court to permit deviation or to approve transactions involving conflict of interest.
    737.4031 Judicial modification of trusts.
    737.4032 Nonjudicial modification of trusts.
    737.4033 Costs and attorney's fees.
    737.404 Powers exercisable by joint trustees; liability.
    737.405 Third persons protected.
    737.406 Application of this part.
    737.501 Definitions.
    737.502 Application of this part.
    737.503 Trustee of a private foundation trust or a split interest trust.
    737.504 Powers and duties of trustee of a private foundation trust or a split interest trust.
    737.505 Notice that this part does not apply.
    737.506 Power to amend trust instrument.
    737.507 Power of court to permit deviation.
    737.508 Release; property and persons affected; manner of effecting.
    737.509 Election to come under this part.
    737.510 Supervision by public charitable organization.
    737.511 Interpretation.
    737.512 Inapplicability to certain trusts.
    737.6035 Antilapse; deceased trust beneficiary; class gifts.
    737.621 Rules of construction; general provisions.
    737.622 Change in securities; accessions; nonademption.
    737.623 Construction of generic terms.
    737.624 Gifts to be per stirpes.
    737.625 Killer not entitled to receive property or other benefits by reason of victim's death.
    737.626 Evidence as to death or status.
    737.627 Costs and attorney's fees.
    738.104 Trustee's power to adjust.
    738.1041 Total return unitrust.
    738.202 Distribution to residuary and remainder beneficiaries.
    739.102 Definitions.
    744.331 Procedures to determine incapacity.
    744.361 Powers and duties of guardian.
    744.441 Powers of guardian upon court approval.
    744.462

    Top of SectionTop of Page

  • CS/SB 1170, Committee Substitute 1 Posted 3/10/2006 at 3:35 PM

    Bill Text:   Web Page | PDF
    Analyses:   Banking and Insurance (Post-Meeting) 3/21/2006 (pdf)
    Judiciary (Post-Meeting) 3/10/2006 (pdf)

    Committee Votes (1)

    Date Committee Result
    3/21/2006 2:00 PM Banking and Insurance 8 Yeas - 0 Nays

    Floor Votes (2)

    Date Chamber Result
    4/5/2006 9:55 AM Senate 39 Yeas - 0 Nays
    4/21/2006 10:10 AM House 113 Yeas - 0 Nays

    Citations - Statutes (224)

    Citation Catchline Location in Bill Location In Bill Help
    497.458 Disposition of proceeds received on contracts.
    518.117
    607.0802 Qualifications of directors.
    660.25 Definitions.
    660.417 Investment of fiduciary funds into mutual fund accounts; permissible activity under certain circumstances.
    660.418 Investment of fiduciary funds in syndicate securities.
    660.46 Substitution of fiduciaries.
    689.071 Land trusts transferring interests in real estate; ownership vests in trustee.
    689.075 Inter vivos trusts; powers retained by settlor.
    689.175
    709.08 Durable power of attorney.
    721.08 Escrow accounts; nondisturbance instruments; alternate security arrangements; transfer of legal title.
    721.53 Subordination instruments; alternate security arrangements.
    731.103 Evidence as to death or status.
    731.1035
    731.201 General definitions.
    731.303 Representation.
    732.2075 Sources from which elective share payable; abatement.
    732.513 Devises to trustee.
    732.603 Antilapse; deceased devisee; class gifts.
    732.604 Failure of testamentary provision.
    732.611 Devises to be per stirpes.
    733.212 Notice of administration; filing of objections.
    733.602 General duties.
    733.805 Order in which assets abate.
    733.817 Apportionment of estate taxes.
    736.0101
    736.0102
    736.0103
    736.0104
    736.0105
    736.0106
    736.0107
    736.0108
    736.0109
    736.0110
    736.0111
    736.0112
    736.0201
    736.0202
    736.0203
    736.0204
    736.0205
    736.0206
    736.0207
    736.0301
    736.0302
    736.0303
    736.0304
    736.0305
    736.0306
    736.0401
    736.0402
    736.0403
    736.0404
    736.0405
    736.0406
    736.0407
    736.0408
    736.0409
    736.0410
    736.04113
    736.04115
    736.0412
    736.0413
    736.0414
    736.0415
    736.0416
    736.0417
    736.0501
    736.0502
    736.0503
    736.0504
    736.0505
    736.05053
    736.05055
    736.0506
    736.0507
    736.0601
    736.0602
    736.0603
    736.0604
    736.0701
    736.0702
    736.0703
    736.0704
    736.0705
    736.0706
    736.0707
    736.0708
    736.0709
    736.0801
    736.0802
    736.0803
    736.0804
    736.0805
    736.0806
    736.0807
    736.0808
    736.0809
    736.0810
    736.08105
    736.0811
    736.0812
    736.08125
    736.0813
    736.08135
    736.0814
    736.08147
    736.0815
    736.0816
    736.08163
    736.08165
    736.0817
    736.0901
    736.1001
    736.1002
    736.1003
    736.1004
    736.1005
    736.1006
    736.1007
    736.1008
    736.1009
    736.1010
    736.1011
    736.1012
    736.1013
    736.1014
    736.1015
    736.1016
    736.1017
    736.1018
    736.1101
    736.1102
    736.1103
    736.1104
    736.1105
    736.1106
    736.1107
    736.1108
    736.1201
    736.1202
    736.1203
    736.1204
    736.1205
    736.1206
    736.1207
    736.1208
    736.1209
    736.1210
    736.1301
    736.1302
    736.1303
    737.101 Principal place of administration of trust.
    737.105 Qualification of foreign trustee.
    737.106 Revocable trust prior to dissolution of marriage.
    737.111 Execution requirements for express trusts.
    737.115 Notice of trustee duties.
    737.116 Trust for care of animal.
    737.201 Court powers over trusts.
    737.202 Trust proceedings; venue.
    737.203 Trust proceedings; dismissal of matters relating to foreign trusts.
    737.2035 Costs and attorney's fees in trust proceedings.
    737.204 Proceedings for review of employment of agents and review of compensation of trustee and employees of trust.
    737.2041 Trustee's attorney's fees.
    737.205 Trust proceedings; commencement.
    737.206 Effect of fraud, duress, mistake, and undue influence.
    737.2065 Trust contests.
    737.207 Penalty clause for contest.
    737.208 Administration pending outcome of contest or other proceeding.
    737.209 Improper distribution or payment; liability of distributee.
    737.301 General duties not limited.
    737.302 Trustee's standard of care and performance.
    737.303 Duty to inform and account to beneficiaries.
    737.3035 Trust accountings.
    737.304 Duty to provide bond.
    737.305 Trustee's duty concerning location of trust.
    737.3053 Trustee's duty to distribute trust income.
    737.3054 Trustee's duty to pay expenses and obligations of grantor's estate.
    737.3055 Trustee's duty to ascertain marketable title of trust real property.
    737.306 Personal liability of trustee.
    737.3061 Limitations on actions against certain trusts.
    737.307 Limitations on proceedings against trustees after beneficiary receives trust disclosure documents.
    737.308 Notice of trust.
    737.309 Resignation of trustee.
    737.401 Powers of trustee conferred by trust or by law.
    737.402 Powers of trustees conferred by this part.
    737.4025 Powers of trustees conferred by this part in relation to environmental or human health laws affecting trust property or to trust property contaminated with hazardous or toxic substances; liability.
    737.403 Power of court to permit deviation or to approve transactions involving conflict of interest.
    737.4031 Judicial modification of trusts.
    737.4032 Nonjudicial modification of trusts.
    737.4033 Costs and attorney's fees.
    737.404 Powers exercisable by joint trustees; liability.
    737.405 Third persons protected.
    737.406 Application of this part.
    737.501 Definitions.
    737.502 Application of this part.
    737.503 Trustee of a private foundation trust or a split interest trust.
    737.504 Powers and duties of trustee of a private foundation trust or a split interest trust.
    737.505 Notice that this part does not apply.
    737.506 Power to amend trust instrument.
    737.507 Power of court to permit deviation.
    737.508 Release; property and persons affected; manner of effecting.
    737.509 Election to come under this part.
    737.510 Supervision by public charitable organization.
    737.511 Interpretation.
    737.512 Inapplicability to certain trusts.
    737.6035 Antilapse; deceased trust beneficiary; class gifts.
    737.621 Rules of construction; general provisions.
    737.622 Change in securities; accessions; nonademption.
    737.623 Construction of generic terms.
    737.624 Gifts to be per stirpes.
    737.625 Killer not entitled to receive property or other benefits by reason of victim's death.
    737.626 Evidence as to death or status.
    737.627 Costs and attorney's fees.
    738.104 Trustee's power to adjust.
    738.1041 Total return unitrust.
    738.202 Distribution to residuary and remainder beneficiaries.
    739.102 Definitions.
    744.331 Procedures to determine incapacity.
    744.361 Powers and duties of guardian.
    744.441 Powers of guardian upon court approval.
    744.462

    Top of SectionTop of Page

  • SB 1170, Original Filed Version Posted 12/9/2005 at 10:59 AM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Committee Amendments (1)

    Amendment Sponsor Filed Last Committee Action Format
    144346 - Amendment
    Judiciary
    (Aronberg)
    3/7/2006
    4:09 PM
    Replaced by Committee Substitute
    3/8/2006
    Web Page
    PDF

    Committee Votes (1)

    Date Committee Result
    3/8/2006 2:00 PM Judiciary 6 Yeas - 0 Nays

    Citations - Statutes (222)

    Citation Catchline Location in Bill Location In Bill Help
    497.458 Disposition of proceeds received on contracts.
    607.0802 Qualifications of directors.
    660.25 Definitions.
    660.418 Investment of fiduciary funds in syndicate securities.
    660.46 Substitution of fiduciaries.
    689.071 Land trusts transferring interests in real estate; ownership vests in trustee.
    689.075 Inter vivos trusts; powers retained by settlor.
    689.175
    709.08 Durable power of attorney.
    721.08 Escrow accounts; nondisturbance instruments; alternate security arrangements; transfer of legal title.
    721.53 Subordination instruments; alternate security arrangements.
    731.103 Evidence as to death or status.
    731.1035
    731.201 General definitions.
    731.303 Representation.
    732.2075 Sources from which elective share payable; abatement.
    732.513 Devises to trustee.
    732.603 Antilapse; deceased devisee; class gifts.
    732.604 Failure of testamentary provision.
    732.611 Devises to be per stirpes.
    733.212 Notice of administration; filing of objections.
    733.602 General duties.
    733.805 Order in which assets abate.
    733.817 Apportionment of estate taxes.
    736.0101
    736.0102
    736.0103
    736.0104
    736.0105
    736.0106
    736.0107
    736.0108
    736.0109
    736.0110
    736.0111
    736.0112
    736.0201
    736.0202
    736.0203
    736.0204
    736.0205
    736.0206
    736.0207
    736.0301
    736.0302
    736.0303
    736.0304
    736.0305
    736.0306
    736.0401
    736.0402
    736.0403
    736.0404
    736.0405
    736.0406
    736.0407
    736.0408
    736.0409
    736.0410
    736.04113
    736.04115
    736.0412
    736.0413
    736.0414
    736.0415
    736.0416
    736.0417
    736.0501
    736.0502
    736.0503
    736.0504
    736.0505
    736.05053
    736.05055
    736.0506
    736.0507
    736.0601
    736.0602
    736.0603
    736.0604
    736.0701
    736.0702
    736.0703
    736.0704
    736.0705
    736.0706
    736.0707
    736.0708
    736.0709
    736.0801
    736.0802
    736.0803
    736.0804
    736.0805
    736.0806
    736.0807
    736.0808
    736.0809
    736.0810
    736.08105
    736.0811
    736.0812
    736.08125
    736.0813
    736.08135
    736.0814
    736.08147
    736.0815
    736.0816
    736.08163
    736.08165
    736.0817
    736.0901
    736.1001
    736.1002
    736.1003
    736.1004
    736.1005
    736.1006
    736.1007
    736.1008
    736.1009
    736.1010
    736.1011
    736.1012
    736.1013
    736.1014
    736.1015
    736.1016
    736.1017
    736.1018
    736.1101
    736.1102
    736.1103
    736.1104
    736.1105
    736.1106
    736.1107
    736.1108
    736.1201
    736.1202
    736.1203
    736.1204
    736.1205
    736.1206
    736.1207
    736.1208
    736.1209
    736.1210
    736.1301
    736.1302
    736.1303
    737.101 Principal place of administration of trust.
    737.105 Qualification of foreign trustee.
    737.106 Revocable trust prior to dissolution of marriage.
    737.111 Execution requirements for express trusts.
    737.115 Notice of trustee duties.
    737.116 Trust for care of animal.
    737.201 Court powers over trusts.
    737.202 Trust proceedings; venue.
    737.203 Trust proceedings; dismissal of matters relating to foreign trusts.
    737.2035 Costs and attorney's fees in trust proceedings.
    737.204 Proceedings for review of employment of agents and review of compensation of trustee and employees of trust.
    737.2041 Trustee's attorney's fees.
    737.205 Trust proceedings; commencement.
    737.206 Effect of fraud, duress, mistake, and undue influence.
    737.2065 Trust contests.
    737.207 Penalty clause for contest.
    737.208 Administration pending outcome of contest or other proceeding.
    737.209 Improper distribution or payment; liability of distributee.
    737.301 General duties not limited.
    737.302 Trustee's standard of care and performance.
    737.303 Duty to inform and account to beneficiaries.
    737.3035 Trust accountings.
    737.304 Duty to provide bond.
    737.305 Trustee's duty concerning location of trust.
    737.3053 Trustee's duty to distribute trust income.
    737.3054 Trustee's duty to pay expenses and obligations of grantor's estate.
    737.3055 Trustee's duty to ascertain marketable title of trust real property.
    737.306 Personal liability of trustee.
    737.3061 Limitations on actions against certain trusts.
    737.307 Limitations on proceedings against trustees after beneficiary receives trust disclosure documents.
    737.308 Notice of trust.
    737.309 Resignation of trustee.
    737.401 Powers of trustee conferred by trust or by law.
    737.402 Powers of trustees conferred by this part.
    737.4025 Powers of trustees conferred by this part in relation to environmental or human health laws affecting trust property or to trust property contaminated with hazardous or toxic substances; liability.
    737.403 Power of court to permit deviation or to approve transactions involving conflict of interest.
    737.4031 Judicial modification of trusts.
    737.4032 Nonjudicial modification of trusts.
    737.4033 Costs and attorney's fees.
    737.404 Powers exercisable by joint trustees; liability.
    737.405 Third persons protected.
    737.406 Application of this part.
    737.501 Definitions.
    737.502 Application of this part.
    737.503 Trustee of a private foundation trust or a split interest trust.
    737.504 Powers and duties of trustee of a private foundation trust or a split interest trust.
    737.505 Notice that this part does not apply.
    737.506 Power to amend trust instrument.
    737.507 Power of court to permit deviation.
    737.508 Release; property and persons affected; manner of effecting.
    737.509 Election to come under this part.
    737.510 Supervision by public charitable organization.
    737.511 Interpretation.
    737.512 Inapplicability to certain trusts.
    737.6035 Antilapse; deceased trust beneficiary; class gifts.
    737.621 Rules of construction; general provisions.
    737.622 Change in securities; accessions; nonademption.
    737.623 Construction of generic terms.
    737.624 Gifts to be per stirpes.
    737.625 Killer not entitled to receive property or other benefits by reason of victim's death.
    737.626 Evidence as to death or status.
    737.627 Costs and attorney's fees.
    738.104 Trustee's power to adjust.
    738.1041 Total return unitrust.
    738.202 Distribution to residuary and remainder beneficiaries.
    739.102 Definitions.
    744.331 Procedures to determine incapacity.
    744.361 Powers and duties of guardian.
    744.441 Powers of guardian upon court approval.
    744.462

    Top of SectionTop of Page