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
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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.