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Fund News
Decanting a Trust: Is There Reason to “Wine” About It?
4/1/2021
Most people are familiar with decanting wine but do not know that a trust can also be decanted. According to Merriam-Webster.com, the term “decant” is defined as, “to pour out, transfer, or unload as if by pouring.” That is essentially what decanting a trust is. When a trust is decanted, the authorized trustee uses their authority to invade the trust principal to appoint all or some of the assets of the original trust to another trust. The authority of a trustee to decant a trust has been recognized in Florida since 1940. (Phipps v. Palm Beach Trust Co., 196 So. 299 (Fla. 1940)). The power to invade principal in trust or “decant” was later codified in Sec. 736.04117, F.S.Read the article.
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Enrollment for the REPC Summer 2021 Term is Now Open!
3/24/2021
Do you know someone looking to gain the skills, knowledge and training needed to excel in the title and settlement services industry? The Fund and Seminole State College are proud to offer the Real Estate Paraprofessional Certificate (REPC) program!
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Closing Protection Letters Not Available This Weekend
3/10/2021
To improve your experience, we will be performing software maintenance beginning the evening of Friday, March 12 until Monday, March 15, 8:00 AM ET.During this time, Closing Protection Letters will not be available in Web CPL, DoubleTime, ECDT and other integrations.
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