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2000 Florida Statutes
Effective date; effect of prior waivers; transition rules.
732.2155 Effective date; effect of prior waivers; transition rules.--
(1) Sections 732.201-732.2155 are effective on October 1, 1999, for all decedents dying on or after October 1, 2001. The law in effect prior to October 1, 1999, applies to decedents dying before October 1, 2001.
(2) Nothing in ss. 732.201-732.2155 modifies or applies to the rights of spouses under chapter 61.
(3) A waiver of elective share rights before the effective date of this section which is otherwise in compliance with the requirements of s. 732.702 is a waiver of all rights under ss. 732.201-732.2145.
(4) Notwithstanding anything in s. 732.2045(1)(a) to the contrary, any trust created by the decedent before the effective date of this section that meets the requirements of an elective share trust is treated as if the decedent created the trust after the effective date of this subsection and in satisfaction of the elective share.
(5) Sections 732.201-732.2155 do not affect any interest in contracts entered into for adequate consideration in money or money's worth before October 1, 1999, to the extent that the contract was irrevocable at all times from October 1, 1999, until the date of the decedent's death.
History.--s. 15, ch. 99-343.