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Fla. Stat. § 736.1407 – Florida Statutes

Text of Fla. Stat. § 736.1407

Limitations on trust director.—A trust director is subject to the same rules as a trustee in a like position and under similar circumstances in the exercise or nonexercise of a power of direction or further power under s. 736.1406(3)(a), relating to additional power granted to a trust director in furtherance of an express power of direction, regarding:

(1) A payback provision in the terms of a trust necessary to comply with the reimbursement requirements of s. 1917 of the Social Security Act, 42 U.S.C. s. 1396p(d)(4)(A), as amended, and regulations issued thereunder, as amended.

(2) A charitable interest in the trust, including notice regarding the interest to the Attorney General.

History of Fla. Stat. § 736.1407

Fla. Stat. § 736.1407 became law on July 1, 2021 as part of the Florida Uniform Directed Trust Act. It has not been amended or revised since that date.

Cases Citing Fla. Stat. § 736.1407

Currently, no cases cite or reference Fla. Stat. § 736.1407.