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 Probate
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
Assets Won't Be Transferred To The Beneficiaries In regards to titled assets (houses or vehicles), the ownership can only be transferred to the beneficiaries after initiating the probate process. If this doesn't happen, the assets will stay tilted to the decedent.
If property, bank accounts, insurance policies, annuities, 401K plans, and all assets have beneficiaries or joint owners, probate is unnecessary. However, without a will or trust all assets must pass through probate court if no beneficiary or joint owner is named.
Titled Assets Will Not Be Transferred If no one takes the necessary steps to probate the decedent's will, then these assets will remain titled in the decedent's name. This can lead to a whole host of problems, from issues with taxes and registration to the inability to sell the assets at a later date.
One of the most common ways of avoiding probate is to establish a living trust. Any assets you own, whether real estate, bank accounts, cars, or personal items, can be put into a living trust. A living trust resembles a will, appointing a trustee to take over on your death.
Legal Assets Will Not Transfer Without the probate process, heirs will not have access to the decedent's signature or consent, and they cannot lawfully collect their inheritances.