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The Florida Senate

CS/CS/SB 1316: Florida Uniform Fiduciary Income and Principal Act

GENERAL BILL by Rules ; Judiciary ; Berman

Florida Uniform Fiduciary Income and Principal Act; Specifying the duties of a fiduciary; providing that a fiduciary’s allocation, determination, or exercise of discretion is presumed to be fair and reasonable to all beneficiaries; authorizing a fiduciary to exercise discretionary power of administration under specified circumstances; prohibiting a court from ordering a fiduciary to change his or her decision unless the decision was an abuse of discretionary power; authorizing a fiduciary to adjust between income and principal if such adjustment assists in administering the trust or estate impartially; authorizing the conversion of an income trust to a unitrust; specifying the authority of a fiduciary with respect to the administration of certain trusts, etc.

Effective Date: 1/1/2025
Last Action: 3/1/2024 Senate - Laid on Table, companion bill(s) passed, see CS/HB 1093 (Ch. 2024-216) -SJ 600
Bill Text: Web Page | PDF
Senate Committee References:
  1. Judiciary (JU)
  2. Rules (RC)



Bill History

Date Chamber Action
1/4/2024 Senate • Filed
1/10/2024 Senate • Referred to Judiciary; Banking and Insurance; Rules
• Introduced
1/31/2024 Senate • On Committee agenda-- Judiciary, 02/05/24, 2:30 pm, 110 Senate Building
2/5/2024 Senate • CS by Judiciary; YEAS 9 NAYS 0
2/6/2024 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
• CS by Judiciary read 1st time
• Original reference(s) removed: Banking and Insurance
• Remaining references corrected to Rules
• Now in Rules
2/9/2024 Senate • On Committee agenda-- Rules, 02/14/24, 9:00 am, 412 Knott Building
2/14/2024 Senate • CS/CS by- Rules; YEAS 17 NAYS 0
2/15/2024 Senate • Pending reference review -under Rule 4.7(2) - (Committee Substitute)
• Placed on Calendar, on 2nd reading
• CS/CS by Rules read 1st time
2/28/2024 Senate • Placed on Special Order Calendar, 03/01/24
3/1/2024 Senate • Read 2nd time -SJ 597
• Substituted CS/HB 1093 -SJ 600
• Laid on Table, companion bill(s) passed, see CS/HB 1093 (Ch. 2024-216) -SJ 600