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Florida Statutes Title XLII. Estates and Trusts § 736.0603. Settlor's powers; powers of withdrawal

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

(1) While a trust is revocable, the duties of the trustee are owed exclusively to the settlor.

(2) During the period the power may be exercised, the holder of a power of withdrawal has the rights of a settlor of a revocable trust under this section to the extent of the property subject to the power.

(3) Subject to ss. 736.0403(2) and 736.0602(3)(a), the trustee may follow a direction of the settlor that is contrary to the terms of the trust while a trust is revocable.

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Cite this article: FindLaw.com - Florida Statutes Title XLII. Estates and Trusts § 736.0603. Settlor's powers; powers of withdrawal - last updated January 01, 2025 | https://codes.findlaw.com/fl/title-xlii-estates-and-trusts/fl-st-sect-736-0603/

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