Committee advances trust-code fixes addressing decanting, successor trustees and homestead reassessment
Senate Bill 262, described by its sponsor as technical and remedial, was reported favorably after the committee adopted a staff-recommended amendment clarifying retroactivity and other trust-code provisions including decanting, successor-trustee suits, satisfaction of gifts, and reassessment when placing homestead into community trust.
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The Judiciary Committee reported favorably on Senate Bill 262, a set of technical clarifications to the Florida trust code intended to eliminate practitioner uncertainty and align trust rules with the probate code.
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