Suing An Estate Executor For Negligence In Florida
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Unknown creditors must file their claims within the 90-day window following the publication of the notice. Note that all claims against an estate are barred two years after the decedent's date of death, regardless of whether a probate proceeding has been initiated or a Notice to Creditors has been published.
Executor Compensation in Florida As of my knowledge cutoff date in January 2022, the statutory compensation is as follows: 3% of the value of the probate estate for the first $1 million. 2.5% for the next $4 million. 2% for the next $5 million.
An executor cannot sign an unsigned will on behalf of the testator. They cannot manage the estate before being appointed by the court, and they cannot change any provisions within the will or trust. If an executor does any of these things or breaches their fiduciary duty, a legal case could be brought against them.
An executor has a fiduciary duty to always act in the best interest of the estate. This means that if an executor does not act in the best interest of the estate, they may be subject to court intervention and penalties for a breach of their fiduciary duty.
Executor Compensation in Florida As of my knowledge cutoff date in January 2022, the statutory compensation is as follows: 3% of the value of the probate estate for the first $1 million. 2.5% for the next $4 million. 2% for the next $5 million.
If the executor acts dishonestly or carelessly in managing and distributing the estate's property and you stand to inherit under the will, you may be able to bring legal action to have them removed.
