Florida Trust Code

The Florida Trust Code governs the creation and management of trusts in Florida. A trust is a legal arrangement where a person (the trustee) holds property or assets for the benefit of others (the beneficiaries). The Code outlines the rules for establishing trusts, the duties of trustees, and the rights of beneficiaries. It aims to provide clarity and protect the interests of all parties involved. Essentially, it ensures that trusts are managed fairly and according to the wishes of the person who created them (the grantor).