(1) An obligation solely incurred by one settlor spouse before or during the marriage may be satisfied from that settlor spouse’s one-half share of a community property trust, unless a greater amount is otherwise provided in the community property trust agreement.
(2) An obligation incurred by both spouses during the marriage may be satisfied from a community property trust of the settlor spouses.
History.—s. 34, ch. 2021-183.
Structure Florida Statutes
Title XLII - Estates and Trusts
Chapter 736 - Florida Trust Code
Part XV - Community Property Trust Act (Ss. 736.1501-736.1512)
736.1503 - Requirements for community property trust.
736.1504 - Agreement establishing community property trust; amendments and revocation.
736.1506 - Satisfaction of obligations.
736.1508 - Dissolution of marriage.