
Formal Administration


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People also ask
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How much does a summary administration cost in Florida?
Initial Filing Fees Filing TypeCost Petition to open safe/deposit box $231 Summary administration – estates valued at less than $1,000 $235 Summary administration – estates valued at $1,000 or more $345 Trust administration $40010 more rows
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How long does a formal administration take in Florida?
The formal probate administration usually takes 6-9 months under most circumstances - start to finish. This process includes appointing a personal representative (i.e., the "executor"), a 90 days creditor's period that must run, payment of creditor's claims and more.
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Can the executor sell a house that is in probate Florida?
Yes, they can. Under Florida probate law, the personal representative has the power to hire a licensed Florida realtor to sell the property.
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What is a summary administration in Florida probate?
Summary Administration in Florida is a simplified probate process used to provide efficiency in small estates and when the person has been dead for over two years and all creditors of the deceased are barred.
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What is formal notice in Florida probate?
Formal notice is the method of service used in probate proceedings and the method of service of process for obtaining jurisdiction over the person receiving the notice.
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What is formal notice in Florida probate?
Formal notice is the method of service used in probate proceedings and the method of service of process for obtaining jurisdiction over the person receiving the notice.
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What is formal administration in Florida probate?
Formal Administration in Florida is typically needed when the assets of the deceased persons are in excess of $75,000 and the person has been deceased for less than two years. Formal Administration in Florida is typically also needed if real estate is going to be sold.
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How long does a summary administration take in Florida?
Summary administration usually are able to be closed between 1-2 months. Formal administration will take at a minimum 6 months in order to be able to close out the estate administration. Why is summary administration in Florida so much faster you may ask yourself?
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