Florida Statutes § 736.1502
Definitions
Amended 2026 Florida StatutesSee what changed
Unless the context otherwise requires, as used in this part:
- (1)“Community property” means the property and the appreciation of and income from the property owned by a qualified trustee of a community property trust during the marriage of the settlor spouses. The property owned by a community property trust pursuant to this part and the appreciation of and income from such property are community property for purposes of general law.
- (2)“Community property trust” means an express trust that complies with s. 736.1503 and is created, amended, restated, or modified on or after July 1, 2021.
- (3)“Decree” means a judgment or other order of a court of competent jurisdiction.
- (4)“Dissolution” means either:
- (a)Termination of a marriage by a decree of dissolution, divorce, annulment, or declaration of invalidity; or
- (b)Entry of a decree of legal separation maintenance by a court of competent jurisdiction in another state that recognizes legal separation or maintenance under its laws.
- (a)
- (5)“During marriage” means a period that begins at marriage and ends upon the dissolution of marriage or upon the death of a spouse.
- (6)“Qualified trustee” means either:
- (a)A natural person who is a resident of the state; or
- (b)A company authorized to act as a trustee in the state.
- (a)
- (7)“Settlor spouses” means a married couple who establishes a community property trust pursuant to this part.
History
History.—s. 30, ch. 2021-183; s. 5, ch. 2025-159.