Suing An Estate Executor For Misrepresentation In Miami-Dade
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As an executor, you have a fiduciary duty to the beneficiaries of the estate. That means you must manage the estate in the best interests of the beneficiaries (and not yourself), taking care with the assets. So an executor can't do anything that intentionally harms the interests of the beneficiaries.
Executor Compensation in Florida As of my knowledge cutoff date in January 2022, the statutory compensation is as follows: 3% of the value of the probate estate for the first $1 million. 2.5% for the next $4 million. 2% for the next $5 million.
Unknown creditors must file their claims within the 90-day window following the publication of the notice. Note that all claims against an estate are barred two years after the decedent's date of death, regardless of whether a probate proceeding has been initiated or a Notice to Creditors has been published.
Perhaps, there is animosity between the individuals. However, executors are legally obligated to comply with all court orders and adhere to the Decedent's final wishes. Personal Representatives cannot override beneficiaries and decide to carry out the distribution process in their own way.
The probate process for Florida estate settlements typically takes about six months to a year, depending on all factors involved. The factors of each situation play an important part in the time it takes to settle an estate.
An executor cannot sign an unsigned will on behalf of the testator. They cannot manage the estate before being appointed by the court, and they cannot change any provisions within the will or trust. If an executor does any of these things or breaches their fiduciary duty, a legal case could be brought against them.
Executor Compensation in Florida As of my knowledge cutoff date in January 2022, the statutory compensation is as follows: 3% of the value of the probate estate for the first $1 million. 2.5% for the next $4 million. 2% for the next $5 million.
If you're bringing a lawsuit against the dead person in Florida, if you're seeking damages from a dead person, don't sue the “estate.” You have to sue the named personal representative of the deceased Florida resident's estate. They are appointed by the court after the petition for administration is filed.
Executor's or trustee's fees are taxable compensation to you.
