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Florida legislature grants courts the broad power to construe wills and trusts in the absence of a federal estate tax
  • Proskauer Rose LLP
  • USA
  • August 1 2010

The Florida legislature has amended 733.1051 of the Florida Probate Code and 736.04114 of the Florida Trust Code to grant Florida courts broad authority to determine and effect the TestatorSettlor's probable intent in employing a formula bequest, in the event such bequest does not function correctly due to the lack of a federal estate or generation-skipping transfer ("GST") tax in 2010.

Nathaniel W Birdsall
  • Proskauer Rose LLP