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 Without Bond Mean
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State:
Florida
Control #:
FL-038-78
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Word;
Rich Text
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How to fill out Florida Personal Representative's Deed Of Distribution?
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FAQ
The Petition to Waive Bond Should the decedent have a will, it will usually request a waiver of the bond. If there was no will, the person must file a ?Petition to Waive Bond.? The petitioner must accompany this by waivers, consents, and joinders signed by all beneficiaries. The judge may not always grant the request.
Probate bond requirements typically differ between courts. In order circuits in Florida, bond is not an automatic requirement, and may be waived by the court upon the filing of the petition required by section 733.402, Florida Statutes.
A personal representative bond, also known as an estate bond, protects the estate and the estate's beneficiaries from financial loss due to malfeasance, fraud, or any other breach of fiduciary responsibilities by the personal representative.
Under the Florida Probate Code, any individual serving as a personal representative must file a bond unless the an interested party petitions the probate court requesting a waiver of the bond requirement, or the court on its own motion decides to waive the bond requirements.
How Much does a Probate Bond Cost in Florida? Bond Amount NeededFee<$20,000$100-$150$20,000-30,000$150-$200$30,000-50,000$200-$300$50,000+0.5-0.8%