§ 736.0701, Fla. Stat. · Part VII. OFFICE OF TRUSTEE
Accepting or declining trusteeship.
Text — 2026 Florida Statutes
(1) Except as otherwise provided in subsection (3), a person designated as trustee accepts the trusteeship:
(a) By substantially complying with a method of acceptance provided in the terms of the trust; or
(b) If the terms of the trust do not provide a method or the method provided in the terms is not expressly made exclusive, by accepting delivery of the trust property, exercising powers or performing duties as trustee, or otherwise indicating acceptance of the trusteeship.
(2) A person designated as trustee who has not accepted the trusteeship may decline the trusteeship. A designated trustee who does not accept the trusteeship within a reasonable time after knowing of the designation is deemed to have declined the trusteeship.
(3) A person designated as trustee may, without accepting the trusteeship:
(a) Act to preserve the trust property if, within a reasonable time after acting, the person sends to a qualified beneficiary a written statement declining the trusteeship.
(b) Inspect or investigate trust property to determine potential liability under environmental or other law or for any other purpose.
Notes and commentary — not statutory text
History
s. 7, ch. 2006-217.
Source of truth
- Edition
- 2026 Florida Statutes
- Official file
- https://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&URL=0700-0799/0736/0736.html
- Text hash
- sha256 43ce71dbf246ccc6fa38b759db174e4d578be27ae475a3cb0ffc06a41a266362
- Composed by
- compose_v2.py 2026-10-04: the Legislature's structured HTML read in document order; verify_v2.py's independent reading agrees character for character
- composed from the Legislature's structured HTML (one source of text; no PDF extraction); a second, independent reading of the same bytes agrees character for character
Cited by 2 provisions
Provisions in this library whose text cites § 736.0701, Fla. Stat.. Each shows the citation as that text prints it.
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.