Florida Personal Representative Form With Two Points
Description
How to fill out Florida Personal Representative's Deed Of Distribution?
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FAQ
Any individual who is at least 18 years old who is a resident of Florida at the time of the decedent's death, is qualified to act as the personal representative. See, §733.302, Fla. Stat.
Under Florida law, individuals who are named personal representatives in the will, surviving family members, and beneficiaries have preference to serve as the personal representative of an estate.
Determine your eligibility: In Florida, the personal representative of a probate estate must be at least 18 years old and have no felony convictions. You must also be a Florida resident, a close relative of the deceased, or a Florida resident who is related by marriage or adoption to the deceased.
In this regard, state law permits one to designate two distinct individuals to serve as personal representatives using a last will. However, doing so might not be the ideal approach, especially in situations involving family disputes.
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.