Petition To Convert Summary Administration To Formal Administration

State:
Florida
Control #:
FL-ET30
Format:
Word; 
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Under Florida statute, where as estate is valued at less than $75,000, any beneficiary of the estate may file a petition for summary administration of the estate within two years after the death of the decedent. Upon approval by the court of the petition, the court may order the immediate distribution of the assets of the estate. Please see the statutes below for details.

Title: Understanding the Petition to Convert Summary Administration to Formal Administration Keywords: Petition, Convert, Summary Administration, Formal Administration, Probate Process, Estate, Assets, Beneficiaries, Heirs, Executor, Administrator, Will, Intestate Introduction: When dealing with the probate process following the passing of a loved one, understanding the different types of petitions is essential. In this article, we will delve into the intricacies of the Petition to Convert Summary Administration to Formal Administration, its purpose, and the key differences between these two processes. 1. Summary Administration: Summary administration is a simplified probate process used when the value of the deceased individual's estate is below a specific threshold (varies by jurisdiction) or when the decedent has been deceased for a certain period. This expedited method aims to save time and costs associated with a more complex formal administration process. 2. Formal Administration: The formal administration process is typically initiated when the value of the estate exceeds the predetermined threshold, or if specific circumstances require a more detailed approach. This process involves court supervision and the appointment of a personal representative, either an executor named in the will or an administrator appointed by the court if there is no valid will (intestate). Types of Petition to Convert Summary Administration to Formal Administration: a) Petition to Convert Summary Administration based on Increased Asset Value: — This petition is filed if, after the initial summary administration has commenced, it is discovered that the estate's value has exceeded the jurisdiction's threshold for summary administration. The petitioner requests the court to convert the proceedings to formal administration accordingly. b) Petition to Convert Summary Administration for Additional Asset Discovery: — In cases where assets not initially known or included within the summary administration process are discovered post-petition filing, a conversion to formal administration may be requested. The petitioner seeks to account for and distribute the newly discovered assets under formal supervision. c) Petition to Convert Summary Administration due to Disputes: — If disputes arise during the summary administration process amongst beneficiaries or heirs regarding asset distribution or any other matter, a petitioner may request a conversion to formal administration. This enables the court to intervene and resolve the disputes according to established laws and regulations. Steps Involved in Filing a Petition to Convert Summary Administration: 1. Preparation of Formal Petition: — Gather all necessary documents, including the original summary administration petition, supporting evidence, and an explanation for the conversion request. 2. File the Petition: — Submit the formal petition to the probate court overseeing the summary administration proceedings, following all prescribed filing procedures and paying any requisite fees. 3. Notify Interested Parties: — It is essential to notify all beneficiaries, heirs, and interested parties about the petition filing to ensure transparency and provide them with an opportunity to participate or object if necessary. 4. Court Hearing and Decision: — Attend the scheduled court hearing where the petitioner and any objecting parties present their arguments. The court then evaluates the evidence and makes a ruling, either approving or denying the conversion request. Conclusion: The Petition to Convert Summary Administration to Formal Administration serves as a vital legal tool to adapt the probate process when circumstances require a more detailed and supervised approach. By understanding the different types of petitions and following the prescribed procedures, beneficiaries and interested parties can navigate the complexities of estate distribution efficiently and ensure a fair and just outcome.

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  • Preview Summary Administration Package - Small Estates - Under $75,000
  • Preview Summary Administration Package - Small Estates - Under $75,000
  • Preview Summary Administration Package - Small Estates - Under $75,000
  • Preview Summary Administration Package - Small Estates - Under $75,000
  • Preview Summary Administration Package - Small Estates - Under $75,000
  • Preview Summary Administration Package - Small Estates - Under $75,000
  • Preview Summary Administration Package - Small Estates - Under $75,000
  • Preview Summary Administration Package - Small Estates - Under $75,000
  • Preview Summary Administration Package - Small Estates - Under $75,000
  • Preview Summary Administration Package - Small Estates - Under $75,000
  • Preview Summary Administration Package - Small Estates - Under $75,000

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FAQ

The Petition for Formal Administration of Intestate Estate is used for estates valued at $75,000 or greater. The Petition for Summary Administration of an Intestate Estate is used when the decedent passes away without a will and the value of their estate is less than $75,000.

Like a formal administration, a Florida summary administration starts with filing a petition in court. The petition for summary administration may be filed by any beneficiary or by a person nominated as a personal representative by the decedent's will, but must be signed and verified by the surviving spouse (if any).

Summary administration is only an option if the assets at hand are worth $75,000 or less or if the decedent has been deceased for more than 24 months. Formal administration, on the other hand, can be used to handle assets of any amount.

Do you need a lawyer for a Florida summary administration? Florida law does not require the person who requests a summary administration of a Florida estate to have a lawyer. The interested person can go down to the courthouse and file the request for the summary administration without any attorney.

The Letters of Administration is a legal document issued by the probate court identifying the person who has been appointed as personal representative, aka executor, and is now empowered to act on behalf of the estate.

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This will void the order and then you may file a Petition to Convert Summary Administration to Formal Administration. Summary Administration requires the filing of a verified petition (details about what the petition must contain are found in the Fla. Prob.Florida Statute 735.201 discusses summary administration. Summary Administration (amend the petition if submitted prior to the claim being filed), OR o Convert to formal administration for further resolution. Any beneficiary and any known or reasonably ascertainable creditor not joining or consenting must receive formal notice of the petition. Like a formal administration, a Florida summary administration starts with filing a petition in court. Summary administration is a simplified version of probate. The Personal Representative is required to sign the petition. c. Leave the extension date blank on the proposed Order. 9. There are separate forms for both Formal and Summary Administration of an "intestate" estate.

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Petition To Convert Summary Administration To Formal Administration