Florida § 736.1502 - Definitions.
Full text of Florida Florida Statutes § 736.1502 — Definitions., with citation guidance and answers to common questions.
§ 736.1502. Definitions.
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. (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.
Frequently Asked Questions About Florida § 736.1502
What does Florida Statutes § 736.1502 cover?
Section 736.1502 ("Definitions.") 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 § 736.1502?
A common citation format is "Florida Statutes § 736.1502" (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 § 736.1502 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.