Trustees can be discharged if no objections are received within 60 days of sending a trust disclosure document.
This bill creates a new section in Florida law allowing a trustee to be discharged if no objections are received within 60 days of sending a trust disclosure document. The document must include a plan of distribution, a trust accounting, and a notice to beneficiaries. If no objections are received, the trustee is discharged from all liability and claims arising from any matter disclosed in the document. The bill applies to all trusts that terminate or have a trustee resignation or removal after six months from the trustee's acceptance.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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