Florida Statute 733.808 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XLII
ESTATES AND TRUSTS

Chapter 733
PROBATE CODE: ADMINISTRATION OF ESTATES

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F.S. 733.808

733.808 Death benefits; disposition of proceeds.—

(1) Death benefits of any kind, including, but not limited to, proceeds of:

(a) An individual life insurance policy;

(b) A group life insurance policy;

(d) An annuity or endowment contract; and

(e) A health or accident policy,

may be made payable to the trustee under a trust agreement or declaration of trust in existence at the time of the death of the insured, employee, or annuitant or the owner of or participant in the benefit plan. The death benefits shall be held and disposed of by the trustee in accordance with the terms of the trust as they appear in writing on the date of the death of the insured, employee, annuitant, owner, or participant. It shall not be necessary to the validity of the trust agreement or declaration of trust, whether revocable or irrevocable, that it have a trust corpus other than the right of the trustee to receive death benefits.

(2) Death benefits of any kind, including, but not limited to, proceeds of:

(a) An individual life insurance policy;

(b) A group life insurance policy;

(d) An annuity or endowment contract; and

(e) A health or accident policy,

may be made payable to the trustee named, or to be named, in a written instrument that is admitted to probate as the last will of the insured, the owner of the policy, the employee, owner, or participant covered by the plan or contract, or any other person, whether or not the will is in existence at the time of designation. Upon the admission of the will to probate, the death benefits shall be paid to the trustee, to be held, administered, and disposed of in accordance with the terms of the trust or trusts created by the will.

(3) In the event no trustee makes proper claim to the proceeds from the insurance company or other obligor within a period of 6 months after the date of the death of the insured, employee, annuitant, owner, or participant, or if satisfactory evidence is furnished to the insurance company or obligor within that period that there is, or will be, no trustee to receive the proceeds, payment shall be made by the insurance company or obligor to the personal representative of the person making the designation, unless otherwise provided by agreement with the insurer or obligor during the lifetime of the insured, employee, annuitant, owner, or participant.

(4) Unless the trust agreement, declaration of trust, or will expressly refers to this subsection and directs that it does not apply, death benefits payable as provided in subsection (1), subsection (2), or subsection (3), unless paid to a personal representative under the provisions of subsection (3), shall not be deemed to be part of the decedent’s estate and shall not be subject to any obligation to pay the expenses of the administration and obligations of the decedent’s estate or for contribution required from a trust under s. 733.607(2) to any greater extent than if the proceeds were payable directly to the beneficiaries named in the trust.

(5) The death benefits held in trust may be commingled with any other assets that may properly come into the trust.

(6) This section does not affect the validity of any designation of a beneficiary of proceeds previously made that designates as beneficiary the trustee of any trust established under a trust agreement or declaration of trust or by will.

History.—s. 1, ch. 74-106; s. 38, ch. 77-87; s. 158, ch. 2001-226; s. 7, ch. 2005-101; s. 5, ch. 2014-127.

Note.—Created from former s. 736.172.

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Amendments to 733.808

Arrestable Offenses / Crimes under Fla. Stat. 733.808

Level: Degree
Misdemeanor/Felony: First/Second/Third

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 733.808.

Annotations, Discussions, Cases:

Cases Citing Statute 733.808

Total Results: 7

Morey v. Everbank

Court: District Court of Appeal of Florida | Date Filed: 2012-07-24

Citation: 93 So. 3d 482, 2012 WL 3000608, 2012 Fla. App. LEXIS 11876

Snippet: deprive them of their exempt status,4 section 733.808(1), Florida Statutes (2008), *486makes it clear

Wallace v. DEPT. OF REV. EX REL. CUTTER

Court: District Court of Appeal of Florida | Date Filed: 2000-12-22

Citation: 774 So. 2d 804, 2000 WL 1867643

Snippet: benefit, not to his past obligation.[4]See Sprague, 733 *808 So.2d at 587. Likewise, the trial court erred

Gartley v. Gartley

Court: District Court of Appeal of Florida | Date Filed: 1993-07-21

Citation: 622 So. 2d 77, 1993 Fla. App. LEXIS 7671, 1993 WL 274466

Snippet: estate of the deceased. See sections 222.13 and 733.808(4), Florida Statutes (1985). Spohr v. Berryman

Zuckerman v. Alter

Court: Supreme Court of Florida | Date Filed: 1993-01-28

Citation: 615 So. 2d 661, 1993 WL 15589

Snippet: beneficiary *663 death benefits as described in s. 733.808, or any combination thereof, and which has been

Alter v. Zuckerman

Court: District Court of Appeal of Florida | Date Filed: 1991-09-17

Citation: 585 So. 2d 303, 1991 WL 110880

Snippet: beneficiary death benefits as described in s. 733.808, or any combination thereof, and which has been

Kent v. Katz

Court: District Court of Appeal of Florida | Date Filed: 1988-06-15

Citation: 528 So. 2d 422, 13 Fla. L. Weekly 1403, 1988 Fla. App. LEXIS 2479

Snippet: beneficiary death benefits as described in s. 733.808, or any combination thereof, and which has been

In Re Estate of Katz

Court: District Court of Appeal of Florida | Date Filed: 1988-06-15

Citation: 528 So. 2d 422, 1988 WL 59431

Snippet: beneficiary death benefits as described in s. 733.808, or any combination thereof, and which has been