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Fla. Stat. § 736.0103(19) – Florida Statutes

Text of Fla. Stat. § 736.0103(19)

“Qualified beneficiary” means a living beneficiary who, on the date the beneficiary’s qualification is determined:

(a) Is a distributee or permissible distributee of trust income or principal;

(b) Would be a distributee or permissible distributee of trust income or principal if the interests of the distributees described in paragraph (a) terminated on that date without causing the trust to terminate; or

(c) Would be a distributee or permissible distributee of trust income or principal if the trust terminated in accordance with its terms on that date.

History of Fla. Stat. § 736.0103(19)

The term “qualified beneficiary” has been consistently defined since the Florida Trust Code took effect in 2007. However, the placement of the definition has changed multiples times. In 2007, the term was defined in Fla. Stat. § 736.0103(14). At that time, Fla. Stat. § 736.0103(19) defined the term “terms of a trust.”