(1) As used in this section, the term: (a) “Governing instrument” has the same meaning as in s. 732.2025. (b) “Payor” means the decedent’s personal representative, a trustee of a trust created by the decedent, an insurer, business entity, employer, government, governmental agency or subdivision, or any other person authorized or obligated by law or a governing instrument to make payments. (c) “Person” has the same meaning as in s. 732.2025. (2) A property interest is subject to property rights under ss. 732.216-732.228; however, a payor or other third party is not liable for paying, distributing, or transferring such property to a beneficiary designated in a governing instrument, or for taking any other action in good faith reliance on the validity of a governing instrument.
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