Florida Statutes 736.1018 – Improper distribution or payment; liability of distributee
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Florida Statutes 736.1018
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- person: includes individuals, children, firms, associations, joint adventures, partnerships, estates, trusts, business trusts, syndicates, fiduciaries, corporations, and all other groups or combinations. See Florida Statutes 1.01
Any person who received a distribution or was paid improperly from a trust shall return the assets or funds received and the income from those assets or interest on the funds from the date of distribution or payment unless the distribution or payment cannot be questioned because of adjudication, estoppel, or limitations. If the person does not have the assets or funds, the value of the assets or funds at the date of disposition, income from the assets or funds, and gain received by the person from the assets or funds shall be returned.