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Serving with a co-trustee: how Florida allocates the wheel

Trusts frequently name siblings or a family member alongside a professional. §736.0703 supplies the operating rules: co-trustees who cannot reach unanimity may generally act by majority decision.

Montre nan lang ou kòm yon tradiksyon otomatik, an atant revizyon yon avoka Florid. Rezime lwa yo ak tèks orijinal anglè a rete sous ofisyèl la.

Working together · 5 min lekti

How decisions get made

Under §736.0703, cotrustees unable to be unanimous may act by majority. A vacancy does not stall the trust — the remaining cotrustees may generally act for the trust. And where a cotrustee is unavailable to perform functions and prompt action is necessary, the statute lets the remaining cotrustees act.

Disagreement, on the record

The statute addresses the trustee who is outvoted: a dissenting cotrustee who joins in an action at the majority's direction, and who notified any cotrustee of the dissent at or before the action, is generally not liable for the action. The pattern many co-trustee pairs adopt follows directly — deliberate openly, decide by the statute's rule, and record dissents contemporaneously.

The same section keeps a floor under everyone: each trustee generally exercises reasonable care to prevent a cotrustee from committing a serious breach and to compel redress of one. Serving together shares the wheel; it does not eliminate each trustee's own duties. How these rules interact with a particular trust's terms — some instruments allocate functions between trustees expressly — is a question for a licensed Florida attorney.

Kesyon moun poze souvan

Must Florida co-trustees act unanimously?

§736.0703 generally permits majority action when cotrustees cannot reach unanimity, subject to the trust's own terms.

Is an outvoted co-trustee responsible for the majority's action?

The statute describes protection for a dissenting cotrustee who noted the dissent to a cotrustee at or before joining the action — while every trustee keeps duties around preventing and redressing serious breaches.

What happens when one co-trustee resigns or dies?

Under §736.0703 the remaining cotrustees may generally continue to act for the trust; the instrument's succession terms and §736.0704's vacancy rules govern replacements.

Poze kesyon sou sijè sa a

Kesyon sa yo ki deja ekri ouvri asistan gide a ak kesyon an deja ranpli — ou revize li epi ou peze voye ou menm. Asistan an eksplike lwa Florid an jeneral ak sous ki site; li pa bay konsèy sou sitiyasyon ou, epi limit kesyon ou yo aplike.

  • What does §736.0703 provide about co-trustees acting by majority?
  • What does Florida law say about a dissenting co-trustee's liability?
  • What does §736.0704 provide about filling a trustee vacancy?

Lekti ki gen rapò

  • You were named successor trustee. What does Florida law expect?
  • Records, receipts, and the accounting trail
  • Florida successor trustee
Read the successor-trustee guide

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