Definitions.

F.S. 736.1502

in effect

Unless the context otherwise requires, as used in this part: 1 (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. 1 (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. (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 qualified trustee’s powers include, but are not limited to, maintaining records for the trust on an exclusive or a nonexclusive basis and preparing or arranging for the preparation of, on an exclusive or a nonexclusive basis, any income tax returns that must be filed by the trust. (7) “Settlor spouses” means a married couple who establishes a community property trust pursuant to this part.

Source: FL Statutes (Official Site)URL: https://www.flsenate.gov/Laws/Statutes/2025/Chapter736/AllFetched: 7/8/2026