Florida/Georgia Personal Injury & Workers Compensation

You're probably overthinking it. Call a lawyer.

Call Now: 904-383-7448
Florida Statute 736.0402 - Full Text and Legal Analysis
Florida Statute 736.0402 | Lawyer Caselaw & Research
Link to State of Florida Official Statute
F.S. 736.0402 Case Law from Google Scholar Google Search for Amendments to 736.0402

The 2025 Florida Statutes

Title XLII
ESTATES AND TRUSTS
Chapter 736
FLORIDA TRUST CODE
View Entire Chapter
736.0402 Requirements for creation.
(1) A trust is created only if:
(a) The settlor has capacity to create a trust.
(b) The settlor indicates an intent to create the trust.
(c) The trust has a definite beneficiary or is:
1. A charitable trust;
2. A trust for the care of an animal, as provided in s. 736.0408; or
3. A trust for a noncharitable purpose, as provided in s. 736.0409.
(d) The trustee has duties to perform.
(e) The same person is not the sole trustee and sole beneficiary.
(2) A beneficiary is definite if the beneficiary can be ascertained now or in the future, subject to any applicable rule against perpetuities.
(3) A power of a trustee to select a beneficiary from an indefinite class is valid. If the power is not exercised within a reasonable time, the power fails and the property subject to the power passes to the persons who would have taken the property had the power not been conferred.
History.s. 4, ch. 2006-217.

F.S. 736.0402 on Google Scholar

F.S. 736.0402 on CourtListener

Amendments to 736.0402


Annotations, Discussions, Cases:

Cases Citing Statute 736.0402

Total Results: 4  |  Sort by: Relevance  |  Newest First

Copy

Megiel-Rollo v. Megiel, 162 So. 3d 1088 (Fla. 2d DCA 2015).

Cited 6 times | Published | Florida 2nd District Court of Appeal | 2015 Fla. App. LEXIS 5601, 2015 WL 1740365

...The circuit court granted Sharon's motion for summary judgment; Denise's motion was denied. In its order, the circuit court ruled as follows: 1. The Court finds that the P.M. REVOCABLE TRUST was never created pursuant to Florida Statutes § 736.0402 as there were no definite beneficiaries to the purported Trust, and so the P.M....
Copy

Jasser v. Saadeh, 97 So. 3d 241 (Fla. 4th DCA 2012).

Cited 5 times | Published | Florida 4th District Court of Appeal | 2012 Fla. App. LEXIS 11670, 2012 WL 2912950

...exercise that power. As found by the trial court in granting summary judgment, at the time of the execution of the trust, the right to contract had been removed from Saadeh, as the parties acknowledged to the court the day that the trust was signed. Section 736.0402(1), Florida Statute (2008), provides that “[ajtrust is created only if: (a) the settler has capacity to create a trust.” § 736.0402(l)(a), Fla....
Copy

Rebecca Rachins & Richard Z. Minassian v. Zaven Minassian Trust, Etc., 251 So. 3d 919 (Fla. 4th DCA 2018).

Cited 1 times | Published | Florida 4th District Court of Appeal

...The trial court entered summary judgment in favor of the defendants on Counts 1 and 2, ruling in relevant part that: (1) the children “lack standing as they are not beneficiaries or qualified beneficiaries of the original Trust, as amended by the trust protector”; and (2) section 736.0402, Florida Statutes, which states that a trust is created only if the same person is not the sole trustee and sole beneficiary, was inapplicable to this situation because the husband and wife served as co-trustees of the original trust...
...children are not beneficiaries of the Family Trust, this would mean that the Family Trust could never have come into existence because, upon the husband’s death, the wife would have been both the sole trustee and the sole beneficiary of the newly-created Family Trust. See § 736.0402(1)(e), Fla....
Copy

John W. Schmitz v. Dorothy Joan Schmitz (Fla. 3d DCA 2024).

Published | Florida 3rd District Court of Appeal

court’s jurisdiction to make such findings. See § 736.0402, Fla. Stat. (listing elements for creation of

This Florida statute resource is curated by Graham W. Syfert, Esq., a Jacksonville, Florida personal injury and workers' compensation attorney. For legal consultation, call 904-383-7448.