FL H0895

Creates Florida Statute 736.10081 establishing a nonjudicial process for trustees to obtain settlement of accounts and discharge from liability when a trust terminates or a trustee resigns/is removed (available 6 months after trustee's acceptance)

Requires trustees seeking discharge to send a trust disclosure document to qualified beneficiaries, cotrustees, and successor trustees containing contact information, a distribution plan with asset schedules, debts, expenses, taxes, and any reserves

Beneficiaries have 60 days after receiving the disclosure document to submit a written objection, which does not need to state grounds or be in any particular form

Trustees who receive no timely objections are discharged from all liability and claims arising from matters disclosed in the document upon completing distributions, with the same effect as a court-approved final order

Applies to all trusts that are irrevocable or become irrevocable on or after the act's effective date, and supplements rather than replaces existing trustee settlement rights