Current through the 2024 Legislative Session
Section 736.1411 - No duty to monitor, inform, or advise(1) Notwithstanding s. 736.1409(1), relating to the duty of a directed trustee to take reasonable action when directed and to the release of liability for such action, unless the terms of a trust provide otherwise: (a) A trustee does not have a duty to: 1. Monitor a trust director; or2. Inform or give advice to a settlor, beneficiary, trustee, or trust director concerning an instance in which the trustee might have acted differently from the trust director.(b) By taking an action described in paragraph (a), a trustee does not assume the duty excluded by paragraph (a).(2) Notwithstanding s. 736.1408(1), relating to the fiduciary duty of a trust director, unless the terms of a trust provide otherwise:(a) A trust director does not have a duty to:1. Monitor a trustee or another trust director; or2. Inform or give advice to a settlor, beneficiary, trustee, or another trust director concerning an instance in which the trust director might have acted differently from a trustee or another trust director.(b) By taking an action described in paragraph (a), a trust director does not assume the duty excluded by paragraph (a). s.22, ch. 2021-183; s.58, ch. 2022-4.Amended by 2022 Fla. Laws, ch. 4, s 58, eff. 5/13/2022.Added by 2021 Fla. Laws, ch. 183, s 22, eff. 7/1/2021.