Florida § 736.0111 - Nonjudicial settlement agreements.
Full text of Florida Florida Statutes § 736.0111 — Nonjudicial settlement agreements., with citation guidance and answers to common questions.
§ 736.0111. Nonjudicial settlement agreements.
(1) For purposes of this section, the term “interested persons” means persons whose interest would be affected by a settlement agreement. (2) Except as otherwise provided in subsection (3), interested persons may enter into a binding nonjudicial settlement agreement with respect to any matter involving a trust. (3) A nonjudicial settlement agreement among the trustee and trust beneficiaries is valid only to the extent the terms and conditions could be properly approved by the court. A nonjudicial settlement may not be used to produce a result not authorized by other provisions of this code, including, but not limited to, terminating or modifying a trust in an impermissible manner. (4) Matters that may be resolved by a nonjudicial settlement agreement include: (a) The interpretation or construction of the terms of the trust. (b) The approval of a trustee’s report or accounting. (c) The direction to a trustee to refrain from performing a particular act or the grant to a trustee of any necessary or desirable power. (d) The resignation or appointment of a trustee and the determination of a trustee’s compensation. (e) The transfer of a trust’s principal place of administration. (f) The liability of a trustee for an action relating to the trust. (5) Any interested person may request the court to approve or disapprove a nonjudicial settlement agreement.
Frequently Asked Questions About Florida § 736.0111
What does Florida Statutes § 736.0111 cover?
Section 736.0111 ("Nonjudicial settlement agreements.") is part of the Florida Statutes, the codified statutory law of Florida. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Florida § 736.0111?
A common citation format is "Florida Statutes § 736.0111" (Florida). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Florida law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Florida official source linked on this page or consult a licensed Florida attorney.
How does Florida § 736.0111 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Florida can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Florida.