KMS:wlj
2023 - 2024 LEGISLATURE
ASSEMBLY AMENDMENT 1,
TO SENATE BILL 667
February 22, 2024 - Offered by Representative O'Connor.
SB667-AA1,1,21
At the locations indicated, amend the
bill, as shown by senate substitute
2amendment 1, as follows:
SB667-AA1,1,9
84. Page 2, line 18: delete “nonlegacy trust to a legacy trust" and substitute
9“nondomestic asset preservation trust to a domestic asset preservation trust".
SB667-AA1,2,2
1“
(6m) “Domestic asset preservation trust" means a trust created by a written
2instrument, the terms of which do all of the following:
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(a) Appoint at least one qualified trustee to accept property that is the subject
4of a disposition, regardless of whether the terms of the trust also appoint a
5nonqualified trustee.
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(b) Expressly designate the laws of this state to govern the meaning and effect
7of the terms of the trust, in whole or in part.
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(c) Expressly provide that the trust is irrevocable.
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(d) Include a spendthrift provision that applies to an interest of a beneficiary
10in trust property, including an interest of a transferor who is a beneficiary.”.
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17“
(11m) “Qualified affidavit” means an affidavit that meets all of the
18requirements of s. 701.1312 (2).”.