Wills, Probate

Trusts, Estate Planning

210 South Beach Street, Suite 202
Daytona Beach, FL 32114
(386) 257-3332

Personal Representative

We were in need of a trust and will package. After checking around with some of the bigger firms in the area we settled on Heidi S. Webb because she was so attentive to what we needed during our initial free zoom consultation. Heidi and her very able assistant Molly gave us great advice and prepared documents tailor made to our needs. The entire process was smooth and very reasonably priced. Something we had dreaded dealing with for years turned out to be a pleasure thanks to Heidi.

~ Kevin S

Heidi Webb, located in Daytona. She is fantastic!

~ Shoshanah M

Uniform Fiduciary Income and Principal Act

What You Need to Know About Florida Estate Planning Laws in 2025

Florida residents should take note of an important legal update that could impact their financial strategies. Starting January 1, 2025, the state has officially adopted the Uniform Fiduciary Income and Principal Act (UFIPA), a comprehensive reform in estate planning regulations.

This new legislation modernizes the way trusts and estates are managed, replacing outdated statutes. Whether you’re drafting a new estate plan or revising an existing one, understanding UFIPA’s implications is key to ensuring your intentions are effectively carried out.

Understanding the Uniform Fiduciary Income and Principal Act

The UFIPA establishes standardized rules across states to guide fiduciaries—such as trustees and estate administrators—in managing income and principal allocations within trusts and estates.

How UFIPA Impacts Estate Planning in Florida

For those creating or revising estate plans, UFIPA introduces new options that can help ensure assets are managed and distributed in a way that is in line with their goals.

  • Trust creators can now design more flexible plans that cater to both traditional and modern investment strategies.
  • Fiduciaries must carefully navigate their expanded powers, ensuring that adjustments to allocations are well-documented and compliant with their legal duties.
  • Beneficiaries benefit from greater transparency and fairness, as the law enhances clarity in how trusts and estates are managed.

The adoption of UFIPA is a significant milestone in Florida’s estate planning framework.

By updating the way fiduciary income and principal allocations are handled, the law ensures estate plans remain effective, adaptable, and legally sound in today’s evolving financial environment.

Now is the time for Florida residents to review their estate plans and consult with a trusted legal team to ensure compliance with these new regulations. If you have questions about how UFIPA affects your plan and you live in the Daytona Beach, Florida area, call my office for an appointment.

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