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2021 Florida Statutes (Including 2021B Session)

Settlor’s powers; powers of withdrawal.
F.S. 736.0603
736.0603 Settlor’s powers; powers of withdrawal.
(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.
History.s. 6, ch. 2006-217; s. 6, ch. 2021-183.