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Florida Statutes Title XLII. Estates and Trusts § 732.2231. Protection of payors and other third parties

Current as of January 01, 2025 | Updated by Findlaw Staff

(1) As used in this section, the term:

(a) “Governing instrument” has the same meaning as in s. 732.2025.

(b) “Payor” means the decedent's personal representative, a trustee of a trust created by the decedent, an insurer, business entity, employer, government, governmental agency or subdivision, or any other person authorized or obligated by law or a governing instrument to make payments.

(c) “Person” has the same meaning as in s. 732.2025.

(2) A property interest is subject to property rights under ss. 732.216--732.228; however, a payor or other third party is not liable for paying, distributing, or transferring such property to a beneficiary designated in a governing instrument, or for taking any other action in good faith reliance on the validity of a governing instrument.

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Cite this article: FindLaw.com - Florida Statutes Title XLII. Estates and Trusts § 732.2231. Protection of payors and other third parties - last updated January 01, 2025 | https://codes.findlaw.com/fl/title-xlii-estates-and-trusts/fl-st-sect-732-2231/

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