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Petition for Appointment of Successor PR Circuit8 Form
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People also ask
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What is a petition for discharge in Florida?
Filing a Petition for Discharge is one of the last obligations of an estate's personal representative in Florida probate. The petition is also one of the last documents beneficiaries of an estate will receive before the estate is closed. -
What is a petition to appoint a personal representative in Florida?
When a person dies intestate (without a will), a petition for administration of the estate is filed, and the probate court appoints a qualified person to serve as the "personal representative" to administer the estate. Preferences in appointment of the personal representative are governed by §733.301(1)(b), Fla. Stat. -
How long does it take to appoint a personal representative in Florida?
The probate court will issue letters of administration and appoint a personal representative — also called an executor or administrator. The personal representative is normally the person named in the will, and the appointment is usually done within one to four weeks. -
Who is eligible for personal representative in Florida?
They must be at least 18 years old; They must be a resident of Florida or related to the decedent by blood, marriage, or adoption; They must be physically and mentally capable of serving as the personal representative; and. They have never been convicted of a felony. -
Does a personal representative have to be court appointed in Florida?
Application for appoint as Personal Representative must be submitted and approved by the court before the powers attached to the position (Letters of Administration) are granted. Under certain conditions, the judge may request that the personal representative be bonded ("insured") . -
How much does a personal representative charge in Florida?
Your fee is based on the value of the estate. If the estate value is $1 million or less, your fee is 3% of the estate assets. If the estate value is between $1 million and $5 million, your fee is 2.5% of the estate assets. If the estate value is between $5 million and $10 million, your fee is 2% of the estate assets. -
What is a petition for administration in Florida?
The petition will state that the estate qualifies, under Florida laws, for summary administration. The petition will list the assets of the decedent as well as their value, and will clearly spell out who will inherit which assets. -
What are the powers of a personal representative in Florida?
A personal representative is under a duty to settle and distribute the estate of the decedent in ance with the terms of the decedent's will and this code as expeditiously and efficiently as is consistent with the best interests of the estate.
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