FLORIDAPMWILLSPM&PMTRUSTSP M -
PMPrimarilyPMMCQPMonPMFLPMBAR
1. GivePMthePMrulePMstatementPMforPMaPMTrust:PMAPMtrustPMisPMaPMMANAGEMENTPMDEVICEPMthatPMmakesPMaPMBI
FURCATEDPMtransfer
LEGALPMinterestPM-PMheldPMbyPMTRUSTEE
EQUITABLEPMinterestPM-PMheldPMbyPMBENEFICIARY
2. WhatPMisPMthePMPRINCIPALPMinPMaPM trust?:PM ThePMoriginalPMtrustPMpropertyPMPLUSPManyPMincreasePMinPMitsPMval
3. WhatPMisPMthePMINCOMEPMinPMaPMtrust?:PMAnyPMmoneyPMinvestedPMbyPMthePMtrust
4. WhatPM isPM thePM namePM forPM thePM personP M orPM entityPM thatPM createsPM aPM trust?:PM thePMSETTLO
5. AtPMwhatPMtimePMmayPMaPMsettlorPMproperlyPMrevokePMaPMrevocablePMtrust?:PMANYPMTIMEPMDURIN
GPMTHEPMSETTLOR'SPMLIFE
6. IsPMaPMtrustPMPRESUMEDPMtoPMbePMrevocablePMinPMFlorida?:PMYESPM-
unlessPMthePMtrustPMdocumentPMsaysPMotherwise
PM
7. WhatPMisPMaPMMANDATORYPMtrust?:PMFormPMofPMtrustPMthatPMREQUIRESPMthePMTrusteePMtoPMmakePMdistributionsPMfro
mPMthePMtrustPMtoPMthePMdesignatedPMbeneficiary
8. WhatPMisPMaPMDISCRETIONARYPMtrust?:PMFormPMofPMtrustPMthatPMgivesPMTrusteePMDISCRETIONPMasPMtoPM
makingPMdistributionsPMfromPMthePMTrustPMtoPMaPMbeneficiary
9. WhatPMisPMaPMREMEDIALPMtrust?:PMAPMjudicialPMREMEDYPMthatPMisPMcreatedPMbyPMoperationPMofPMlaw.
1
PM/P
M51
, FLORIDAPMWILLSPM&PMTRUSTSP M -
PMPrimarilyPMMCQPMonPMFLPMBAR
TrusteePMinPMaPMremedialPMonlyPMhavePMONEPMpower,PMtoPMtransferPMthePMproperty
10. WillPMaPMtrustPMfailPMifPMtherePMisPMnoPMdesignatedPMTrustee?:PMNO
11. WhatPMisPMaPMTrustee?:PMThePMpersonPMwhoPMMANAGESPMaPMtrust
12. WhatPMisPMaPMbeneficiary?:PMThePMpersonPMwhoPMreceivesPMthePMbenefitPMofPMaPMtrust
13. WhatPMformPMofPMtitlePMtoPMtrustPMpropertyPMdoesPMaPMTRUSTEEPMhave?:PMLEGALPMtitle
14. WhatPMformPMofPMtitlePMtoPMtrustPMpropertyPMdoesPMaPMBENEFICIARYPMhave?:PMEQUITABL
title
M
15. CanPMaPMbeneficiaryPMenforcePMthePMtrustPMinstrumentPMindependently?:PMYESPM-
theyPMhavePMthePMpowerPMtoPMholdPMthePMTrusteePMaccountablePMinPMmanagingPMthePMtrust
PM
16. ArePMPETPMTRUSTSPM(TrustsPMcreatedPMwherePMthePMbeneficiaryPMisPMaPMpet)PMvali
dPMinPMFlorida?:PMYES
17. NamePMthePM3PMkindsPMofPMtrustsPMandPMtheirPMfunctionality:PMMANDATORYPMTRUSTPM-
TrusteePMisPMrequiredPMtoPMmakePMdistributionsPMtoPMbeneficiariesPMperPMtrustPMinstrument
PM
2
PM/P
M51
, FLORIDAPMWILLSPM&PMTRUSTSP M -
PMPrimarilyPMMCQPMonPMFLPMBAR
DISCRETIONARYPMTRUSTPM-
PM TrusteePMisPMpermittedPMtoPMmakePMdistributionsPMatPMtheirPMownPMdiscretion,PMperPMthePMtrustPMinstrument
REMEDIALPMTRUSTPM-
RarePMtrustPMcreatedPMbyPMoperationPMofPMlaw,PMtrusteePMonlyPMhasPMthePMpowerPMtoPMtransferPMinterestPMofPMtrustPMprincipal
PM
18. HowPMdoesPMthePMRulePMAgainstPMPerpetuitiesPMapplyPMtoPMtrusts?:PMFloridaPMusesPMaPMWAITPMAND
SEEPMapproach,PMwhich:
PM
waitsPMtoPMseePMifPMinterestPMinPMtrustPMvestsPMwithinPM1000PMYEARSPM(asPMofPMJulyPM2022)
19. WhatPMisPM anPMExpressPMTrust:PM TrustPMwherePMthePMsettlorPMEXPRESSLYPMshowsPMtheirPMintentPMtoPMcreatePMaPMtrust
MayPMeitherPMbe:
(1) Private;PMOR
(2) Charitable
20. WhoPMcanPMbePMaPMproperPMsettlorPMofPManPMexpressPMtrust?:PMAnyonePMwithPMLEGALPMCAPA
CITYPMRevocablePMTrusts:PM18PMyearsPMoldPMandPMofPM"soundPMmind"PM(requirementsPMforPMaPMwill)
IrrevocablePMTrust:PMsamePMcapacityPMasPMrequiredPMforPManPMINTERVIVOSPMGIFT
21. WhatPMintentPMmustPMaPMsettlorPMhavePMtoPMcreatePMaPMtrust?:PMTheyPMrequirePMthePMPRESENTPMINTEN
TPMtoPMcreatePMthePMtrust
3
PM/P
M51
, FLORIDAPMWILLSPM&PMTRUSTSP M -
PMPrimarilyPMMCQPMonPMFLPMBAR
ParticularPMwordingPMcreatesPMaPMpresumptionPMofPMthePMtrust'sPMcreationPM(i.e.PMinPMtrust,PMforPMthePMbenefitPMofPM.PM.PM.PM)
22. AreP M oralP M trustsP M validP M inP M Florida?:P M YES
(i.e.PMAPMsaysPMinPMfrontPMofPMtheirPMfamilyPMatPMaPMdinnerPM"IPMamPMgivingPMmyPMlifePMsavingsPMtoPMmyPMbrotherPMB,PMforPMthePMbenefitPM
ofPMC".PMThisPMwouldPMcreatePMaPMvalidPMtrust)
23. WhenPMMUSTPMaPMtrustPMbePMinPMwriting?:PMWhenPMrequiredPMbyPMthePMStatutePMofPMFraudsPM(i.e.PMconveyancePMofPM
al
Property)
WhenPMtrustPMisPMcreatedPMinPMaPMDEVISEPM(trustPMcreatedPMinPMaPMwill)
24. WhenPMaPMtrustPMisPMcreatedPMbyPMdevise,PMhowPMisPMthatPMpropertyPMtransferred?:PMTRU
STPMCONTROLSPMTHEPMPROPERTY,PMNOTPMTHEPMWILL
However,PMthePMtrustPMmustPMBEPMINPMEXISTENCEPMEITHERPMBEFOREPMORPMCONTEMPORANEOUSLYPMTOPMTHEPMWILL
4
PM/P
M51
PMPrimarilyPMMCQPMonPMFLPMBAR
1. GivePMthePMrulePMstatementPMforPMaPMTrust:PMAPMtrustPMisPMaPMMANAGEMENTPMDEVICEPMthatPMmakesPMaPMBI
FURCATEDPMtransfer
LEGALPMinterestPM-PMheldPMbyPMTRUSTEE
EQUITABLEPMinterestPM-PMheldPMbyPMBENEFICIARY
2. WhatPMisPMthePMPRINCIPALPMinPMaPM trust?:PM ThePMoriginalPMtrustPMpropertyPMPLUSPManyPMincreasePMinPMitsPMval
3. WhatPMisPMthePMINCOMEPMinPMaPMtrust?:PMAnyPMmoneyPMinvestedPMbyPMthePMtrust
4. WhatPM isPM thePM namePM forPM thePM personP M orPM entityPM thatPM createsPM aPM trust?:PM thePMSETTLO
5. AtPMwhatPMtimePMmayPMaPMsettlorPMproperlyPMrevokePMaPMrevocablePMtrust?:PMANYPMTIMEPMDURIN
GPMTHEPMSETTLOR'SPMLIFE
6. IsPMaPMtrustPMPRESUMEDPMtoPMbePMrevocablePMinPMFlorida?:PMYESPM-
unlessPMthePMtrustPMdocumentPMsaysPMotherwise
PM
7. WhatPMisPMaPMMANDATORYPMtrust?:PMFormPMofPMtrustPMthatPMREQUIRESPMthePMTrusteePMtoPMmakePMdistributionsPMfro
mPMthePMtrustPMtoPMthePMdesignatedPMbeneficiary
8. WhatPMisPMaPMDISCRETIONARYPMtrust?:PMFormPMofPMtrustPMthatPMgivesPMTrusteePMDISCRETIONPMasPMtoPM
makingPMdistributionsPMfromPMthePMTrustPMtoPMaPMbeneficiary
9. WhatPMisPMaPMREMEDIALPMtrust?:PMAPMjudicialPMREMEDYPMthatPMisPMcreatedPMbyPMoperationPMofPMlaw.
1
PM/P
M51
, FLORIDAPMWILLSPM&PMTRUSTSP M -
PMPrimarilyPMMCQPMonPMFLPMBAR
TrusteePMinPMaPMremedialPMonlyPMhavePMONEPMpower,PMtoPMtransferPMthePMproperty
10. WillPMaPMtrustPMfailPMifPMtherePMisPMnoPMdesignatedPMTrustee?:PMNO
11. WhatPMisPMaPMTrustee?:PMThePMpersonPMwhoPMMANAGESPMaPMtrust
12. WhatPMisPMaPMbeneficiary?:PMThePMpersonPMwhoPMreceivesPMthePMbenefitPMofPMaPMtrust
13. WhatPMformPMofPMtitlePMtoPMtrustPMpropertyPMdoesPMaPMTRUSTEEPMhave?:PMLEGALPMtitle
14. WhatPMformPMofPMtitlePMtoPMtrustPMpropertyPMdoesPMaPMBENEFICIARYPMhave?:PMEQUITABL
title
M
15. CanPMaPMbeneficiaryPMenforcePMthePMtrustPMinstrumentPMindependently?:PMYESPM-
theyPMhavePMthePMpowerPMtoPMholdPMthePMTrusteePMaccountablePMinPMmanagingPMthePMtrust
PM
16. ArePMPETPMTRUSTSPM(TrustsPMcreatedPMwherePMthePMbeneficiaryPMisPMaPMpet)PMvali
dPMinPMFlorida?:PMYES
17. NamePMthePM3PMkindsPMofPMtrustsPMandPMtheirPMfunctionality:PMMANDATORYPMTRUSTPM-
TrusteePMisPMrequiredPMtoPMmakePMdistributionsPMtoPMbeneficiariesPMperPMtrustPMinstrument
PM
2
PM/P
M51
, FLORIDAPMWILLSPM&PMTRUSTSP M -
PMPrimarilyPMMCQPMonPMFLPMBAR
DISCRETIONARYPMTRUSTPM-
PM TrusteePMisPMpermittedPMtoPMmakePMdistributionsPMatPMtheirPMownPMdiscretion,PMperPMthePMtrustPMinstrument
REMEDIALPMTRUSTPM-
RarePMtrustPMcreatedPMbyPMoperationPMofPMlaw,PMtrusteePMonlyPMhasPMthePMpowerPMtoPMtransferPMinterestPMofPMtrustPMprincipal
PM
18. HowPMdoesPMthePMRulePMAgainstPMPerpetuitiesPMapplyPMtoPMtrusts?:PMFloridaPMusesPMaPMWAITPMAND
SEEPMapproach,PMwhich:
PM
waitsPMtoPMseePMifPMinterestPMinPMtrustPMvestsPMwithinPM1000PMYEARSPM(asPMofPMJulyPM2022)
19. WhatPMisPM anPMExpressPMTrust:PM TrustPMwherePMthePMsettlorPMEXPRESSLYPMshowsPMtheirPMintentPMtoPMcreatePMaPMtrust
MayPMeitherPMbe:
(1) Private;PMOR
(2) Charitable
20. WhoPMcanPMbePMaPMproperPMsettlorPMofPManPMexpressPMtrust?:PMAnyonePMwithPMLEGALPMCAPA
CITYPMRevocablePMTrusts:PM18PMyearsPMoldPMandPMofPM"soundPMmind"PM(requirementsPMforPMaPMwill)
IrrevocablePMTrust:PMsamePMcapacityPMasPMrequiredPMforPManPMINTERVIVOSPMGIFT
21. WhatPMintentPMmustPMaPMsettlorPMhavePMtoPMcreatePMaPMtrust?:PMTheyPMrequirePMthePMPRESENTPMINTEN
TPMtoPMcreatePMthePMtrust
3
PM/P
M51
, FLORIDAPMWILLSPM&PMTRUSTSP M -
PMPrimarilyPMMCQPMonPMFLPMBAR
ParticularPMwordingPMcreatesPMaPMpresumptionPMofPMthePMtrust'sPMcreationPM(i.e.PMinPMtrust,PMforPMthePMbenefitPMofPM.PM.PM.PM)
22. AreP M oralP M trustsP M validP M inP M Florida?:P M YES
(i.e.PMAPMsaysPMinPMfrontPMofPMtheirPMfamilyPMatPMaPMdinnerPM"IPMamPMgivingPMmyPMlifePMsavingsPMtoPMmyPMbrotherPMB,PMforPMthePMbenefitPM
ofPMC".PMThisPMwouldPMcreatePMaPMvalidPMtrust)
23. WhenPMMUSTPMaPMtrustPMbePMinPMwriting?:PMWhenPMrequiredPMbyPMthePMStatutePMofPMFraudsPM(i.e.PMconveyancePMofPM
al
Property)
WhenPMtrustPMisPMcreatedPMinPMaPMDEVISEPM(trustPMcreatedPMinPMaPMwill)
24. WhenPMaPMtrustPMisPMcreatedPMbyPMdevise,PMhowPMisPMthatPMpropertyPMtransferred?:PMTRU
STPMCONTROLSPMTHEPMPROPERTY,PMNOTPMTHEPMWILL
However,PMthePMtrustPMmustPMBEPMINPMEXISTENCEPMEITHERPMBEFOREPMORPMCONTEMPORANEOUSLYPMTOPMTHEPMWILL
4
PM/P
M51
