(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.
Structure Florida Statutes
Title XLII - Estates and Trusts
Chapter 736 - Florida Trust Code
Part VI - Revocable Trusts (Ss. 736.0601-736.0604)
736.0601 - Capacity of settlor of revocable trust.
736.0602 - Revocation or amendment of revocable trust.
736.0603 - Settlor’s powers; powers of withdrawal.
736.0604 - Limitation on action contesting validity of revocable trust.