(1) A term of a will relieving a personal representative of liability to a beneficiary for breach of fiduciary duty is unenforceable to the extent that the term:
(a) Relieves the personal representative of liability for breach of fiduciary duty committed in bad faith or with reckless indifference to the purposes of the will or the interests of interested persons; or
(b) Was inserted into the will as the result of an abuse by the personal representative of a fiduciary or confidential relationship with the testator.
(2) An exculpatory term drafted or caused to be drafted by the personal representative is invalid as an abuse of a fiduciary or confidential relationship unless:
(a) The personal representative proves that the exculpatory term is fair under the circumstances.
(b) The term’s existence and contents were adequately communicated directly to the testator or to the independent attorney of the testator. This paragraph applies only to wills created on or after July 1, 2007.
History.—s. 15, ch. 2007-74.
Structure Florida Statutes
Title XLII - Estates and Trusts
Chapter 733 - Probate Code: Administration of Estates
Part VI - Duties and Powers of Personal Representative (Ss. 733.601-733.620)
733.601 - Time of accrual of duties and powers.
733.603 - Personal representative to proceed without court order.
733.604 - Inventories and accountings; public records exemptions.
733.6065 - Opening safe-deposit box.
733.607 - Possession of estate.
733.608 - General power of the personal representative.
733.609 - Improper exercise of power; breach of fiduciary duty.
733.610 - Sale, encumbrance, or transaction involving conflict of interest.
733.611 - Persons dealing with the personal representative; protection.
733.612 - Transactions authorized for the personal representative; exceptions.
733.613 - Personal representative’s right to sell real property.
733.614 - Powers and duties of successor personal representative.
733.615 - Joint personal representatives; when joint action required.
733.616 - Powers of surviving personal representatives.
733.617 - Compensation of personal representative.
733.6171 - Compensation of attorney for the personal representative.