The Florida Trust Code (FTC) was enacted as new Chapter 736 of Title XLII of the Florida Statutes (F.S.) and went into effect July 1, 2007. While generally modeled after the Uniform Trust Code (UTC), the FTC embodies...
Advisors promote trusts as an indispensable component of the estate plan. We tout the importance of trusts for credit shelter and generation-skipping transfer (GST) tax planning. We proclaim that trusts protect assets...