Florida Personal Representative Conflict Of Interest
Description
How to fill out Florida Personal Representative's Deed Of Distribution?
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FAQ
Florida Probate Rule 5.120(a) authorizes appointment of an administrator ad litem to represent the estate in a particular probate proceeding whenever the personal representative ?is or may be interested adversely to the estate? or ?the necessity arises otherwise.? An administrator ad litem may be appointed where the ...
Once the personal representative is granted the authority by letters of administration, he or she can be sued in that capacity.
A creditor's statement of claim shall be verified and filed with the clerk and shall state: (1) the basis for the claim; (2) the amount claimed; (3) the name and address of the creditor; (4) the security for the claim, if any; and (5) whether the claim is currently due or involves an uncertainty and, if not due, then ...
A personal representative is compensated: At the rate of 3 percent for the first $1 million in estate assets. At the rate of 2.5 percent for all above $1 million and not exceeding $5 million in estate assets.
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.