Charles (Chuck) Rubin, in his Rubin on Tax blog, discusses Florida’s recently passed Uniform Directed Trust Act. He provides information in a question and answer format regarding the specifics and provisions of the act, mainly focusing on how the act impacts trust directors as well as trustees. The article begins as follows:
Florida’s version of the Uniform Directed Trust Act (the “FUDTA”) has passed both houses of the Florida legislature and is expected to be signed into law by Governor DeSantis. Charles (Chuck) Rubin chaired the Florida Bar subcommittee that reviewed and adapted the Uniform Directed Trust Act, and Jenna Rubin also served on the subcommittee. They provide a review of the key provisions that practitioners should be aware of.
To see the full article click here: Q&A on Florida’s New Directed Trust Act
Posted by Anthony Tran, Associate Editor, Wealth Strategies Journal