CS/CS/HB 1001: Trusts
GENERAL BILL by Judiciary Committee ; Insurance and Banking Subcommittee ; Beltran
Trusts; Revises provisions of the Florida Trust Code including rule against perpetuities, trustee duties, methods of notice, representation by parents, noncharitable trusts, trust accounting, and grantor trust reimbursement.
Effective Date: 7/1/2022
Last Action: 3/8/2022 House - Laid on Table; companion bill(s) passed, see CS/SB 1368 (Ch. 2022-96)
Bill Text: PDF
Last Action: 3/8/2022 House - Laid on Table; companion bill(s) passed, see CS/SB 1368 (Ch. 2022-96)
Bill Text: PDF
-
Bill History
Date Chamber Action 12/21/2021 House • Filed
1/7/2022 House • Referred to Civil Justice & Property Rights Subcommittee
• Referred to Insurance & Banking Subcommittee
• Referred to Judiciary Committee
• Now in Civil Justice & Property Rights Subcommittee
1/11/2022 House • 1st Reading (Original Filed Version)
1/14/2022 House • Added to Civil Justice & Property Rights Subcommittee agenda
1/19/2022 House • Favorable by Civil Justice & Property Rights Subcommittee
• Reported out of Civil Justice & Property Rights Subcommittee
• Now in Insurance & Banking Subcommittee
2/3/2022 House • Added to Insurance & Banking Subcommittee agenda
2/7/2022 House • Favorable with CS by Insurance & Banking Subcommittee
2/10/2022 House • Reported out of Insurance & Banking Subcommittee
• Laid on Table under Rule 7.18(a)
• CS Filed
• 1st Reading (Committee Substitute 1)
2/11/2022 House • Referred to Judiciary Committee
• Now in Judiciary Committee
2/17/2022 House • Added to Judiciary Committee agenda
2/21/2022 House • Favorable with CS by Judiciary Committee
2/22/2022 House • Reported out of Judiciary Committee
• Laid on Table under Rule 7.18(a)
• CS Filed
• 1st Reading (Committee Substitute 2)
2/24/2022 House • Bill referred to House Calendar
• Added to Second Reading Calendar
3/8/2022 House • Laid on Table; companion bill(s) passed, see CS/SB 1368 (Ch. 2022-96)
-
CS/CS/HB 1001, Committee Substitute 2 (Current Bill Version) Posted 2/22/2022 at 4:28 PM
Bill Text: PDF Analyses: None Related Bills (2)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 1229 Pub. Rec./Proceedings Involving Family Trust Companies Fetterhoff Linked Last Action: 1/11/2022 H Withdrawn prior to introduction; companion bill(s) passed, see CS/CS/SB 1304 (Ch. 2022-211), CS/SB 1368 (Ch. 2022-96) 
S 1368 (er) Trusts Gruters Identical Last Action: 5/6/2022 Chapter No. 2022-96
Citations - Statutes (10)
Citation Catchline Location in Bill Location In Bill Help 689.225 Statutory rule against perpetuities. Page 2 (pdf) 736.0105 Default and mandatory rules. Page 3 (pdf) 736.0109 Methods and waiver of notice. Page 3 (pdf) 736.0303 Representation by fiduciaries and parents. Page 5 (pdf) 736.0409 Noncharitable trust without ascertainable beneficiary. Page 5 (pdf) 736.04115 Judicial modification of irrevocable trust when modification is in best interests of beneficiaries. Page 6 (pdf) 736.0412 Nonjudicial modification of irrevocable trust. Page 6 (pdf) 736.0813 Duty to inform and account. Page 6 (pdf) 736.08135 Trust accountings. Page 8 (pdf) 736.08145 Grantor trust reimbursement. Page 10 (pdf) -
CS/HB 1001, Committee Substitute 1 Posted 2/10/2022 at 8:16 AM
Bill Text: PDF Analyses: Judiciary Committee (Post-Meeting) 6/1/2022 (pdf)
Related Bills (2)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 1229 Pub. Rec./Proceedings Involving Family Trust Companies Fetterhoff Linked Last Action: 1/11/2022 H Withdrawn prior to introduction; companion bill(s) passed, see CS/CS/SB 1304 (Ch. 2022-211), CS/SB 1368 (Ch. 2022-96)
S 1368 (c1) Trusts Gruters Similar Last Action: 5/6/2022 Chapter No. 2022-96
Committee Amendments (1)
Amendment Sponsor Filed Last Committee Action Format 458757 - Strike All Amendment
Remove lines 54-232 and insert:Beltran 2/18/2022
6:55 PMAdopted without Objection
2/21/2022PDF Citations - Statutes (8)
Citation Catchline Location in Bill Location In Bill Help 689.225 Statutory rule against perpetuities. Page 2 (pdf) 736.0105 Default and mandatory rules. Page 2 (pdf) 736.0109 Methods and waiver of notice. Page 3 (pdf) 736.0303 Representation by fiduciaries and parents. Page 4 (pdf) 736.0409 Noncharitable trust without ascertainable beneficiary. Page 5 (pdf) 736.0813 Duty to inform and account. 736.08135 Trust accountings. Page 5 (pdf) 736.08145 Grantor trust reimbursement. Page 7 (pdf) -
HB 1001, Original Filed Version Posted 12/21/2021 at 10:29 AM
Bill Text: PDF Analyses: Civil Justice and Property Rights Subcommittee (Post-Meeting) 3/23/2022 (pdf)
Insurance and Banking Subcommittee (Post-Meeting) 2/10/2022 (pdf)
Related Bills (2)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 1229 Pub. Rec./Proceedings Involving Family Trust Companies Fetterhoff Linked Last Action: 1/11/2022 H Withdrawn prior to introduction; companion bill(s) passed, see CS/CS/SB 1304 (Ch. 2022-211), CS/SB 1368 (Ch. 2022-96)
S 1368 Trusts Gruters Similar Last Action: 5/6/2022 Chapter No. 2022-96
Committee Amendments (1)
Amendment Sponsor Filed Last Committee Action Format 717601 - Amendment
Remove lines 52-153 and insert:Beltran 2/4/2022
6:01 PMAdopted without Objection
2/7/2022PDF Citations - Statutes (7)
Citation Catchline Location in Bill Location In Bill Help 689.225 Statutory rule against perpetuities. Page 2 (pdf) 736.0105 Default and mandatory rules. Page 2 (pdf) 736.0109 Methods and waiver of notice. Page 3 (pdf) 736.0303 Representation by fiduciaries and parents. Page 4 (pdf) 736.0409 Noncharitable trust without ascertainable beneficiary. Page 5 (pdf) 736.08135 Trust accountings. Page 5 (pdf) 736.08145 Grantor trust reimbursement. Page 7 (pdf)