Breach of Trust Statute of Limitations Held Open for 10 Years – With New Summary Chart [Florida]
The concepts of statute of limitations and repose, and laches, exist to bring finality after the passage of time as to liability risks. Claims for breach of trust against a trustee can be subject to a confusing array of rules as to when the statute expires, especially when the concept of fiduciary accountings, and different rules for a continuing trust versus a terminating trust, are thrown into the mix. A recent Florida case demonstrates these complexities.
A short summary of the facts: (a) in 2002, the assets of the subject trust…
Woodward v. Woodward, 41 Fla. L. Weekly D1073a (4th DCA, May 4, 2016)