Florida Statutes 736.0410 – Modification or termination of trust; proceedings for disapproval of nonjudicial acts
Current as of: 2023 | Check for updates
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Terms Used In Florida Statutes 736.0410
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
(1) In addition to the methods of termination prescribed by ss. 736.04113–736.0414, a trust terminates to the extent the trust expires or is revoked or is properly distributed pursuant to the terms of the trust.
(2) A proceeding to disapprove a proposed modification or termination under s. 736.0412 or a trust combination or division under s. 736.0417 may be commenced by any beneficiary.
(3) A proceeding to disapprove a proposed termination under s. 736.0414(1) may be commenced by any qualified beneficiary.