This form is a Personal Representative's Deed of Distribution where the Grantor is an Individual appointed as personal representative of the estate and the Grantee is the beneficiary entitled to receive the property from the estate. Grantor conveys the described property to Grantee and only covenants that the transfer is authorized by the Court and that the Grantor has done nothing while serving as personal representative to encumber the property. This deed complies with all state statutory laws.
Florida Personal Representative With Examples
Category:
State:
Florida
Control #:
FL-038-78
Format:
Word;
Rich Text
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How to fill out Florida Personal Representative's Deed Of Distribution?
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FAQ
5 FACTORS TO CONSIDER WHEN NAMING A PERSONAL REPRESENTATIVE Responsibility and Availability. Aside from trust, your representative should understand the importance and length of time required for successful completion of their role. ... Well-Organized. ... Location. ... Age & Wellbeing.
In Florida, the personal representative is the person who is appointed by a probate court judge to manage the activities related to winding up the estate of a decedent and distributing his (or her) assets to his beneficiaries or heirs.
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.
If an asset does not have a named beneficiary or rights of survivorship, it will have to go through probate to change ownership pursuant to the Florida Probate Rules (2023). The most common assets that go through this process are bank accounts, real estate, vehicles, and personal property.
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.