A Florida Trustee’s Duty of Impartiality

What is Florida Trust Code, section 736.003? What duties do trustees in Florida have? What is the duty of impartiality? Does this duty exist in Florida? What should West Palm Beach probate lawyers know about trustee’s duties?

There’s a duty of impartiality in Florida. This means that a trustee owes a duty of impartiality to their trust beneficiaries. Do you understand what this is, what it means, and how a trustee should react? To learn more, email Amanda@phflorida.com to receive FREE copy of Pankauski Trustees Guide. You can also read Florida Statute 736.003 in its entirety below.

736.0803 Impartiality.—

If a trust has two or more beneficiaries, the trustee shall act impartially in administering the trust property, giving due regard to the beneficiaries’ respective interests.