· 11/1/1984
FLA. NAT. BANK OF PALM BEACH CTY. v. Genova
Citations
- 460 So. 2d 895
How courts have described this case
Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.
- holding that “[t]he central characteristic of a revocable trust is that the settlor ‘has the right to recall or end the trust at any time, and thereby regain absolute ownership of the trust property’ ”
- describing the settlor of a revocable trust as the sole beneficiary of her own revocable trust until her death
- \This retention of control over property distinguishes a revocable trust from the other types of conveyances[.]\
- trustee-beneficiary is not justified in shifting to co-trustee functions related to administration of the trust
- a mentally competent settlor may revoke a revocable trust, regardless of whether the decision was the product of undue influence
- “when a settlor sets up a revocable trust, he or she has the right to recall or end the trust at any time, and thereby regain absolute ownership of the trust property”
Source: CourtListener parenthetical corpus (CC0).
Judges: Adkins
Read full opinion on CourtListenerSourced from CourtListener / Free Law Project (CC0).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.