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Florida Disposition of Personal Property Without Administration

Florida Disposition of Personal Property Without Administration

Name: Florida Disposition of Personal Property Without Administration
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.63 (398 reviews)

Category:

Florida Local County - Pinellas - General

State:

Florida

Control #:

FL-SKU-3176

Format:

Instant download

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Description

Disposition Of Personal Property Without Administration Florida Disposition of Personal Property Without Administration is a legal process used to distribute the assets of an estate when the deceased had no will, and the court decides who will receive the deceased's personal property. This process is available when the value of the estate is less than $75,000. There are two types of Florida Disposition of Personal Property Without Administration: Descent and Distribution and Summary Administration. Descent and Distribution is used when there is an intestate estate or when the deceased had a will. Summary Administration is used when there is an estate with assets valued at less than $75,000. In this process, the surviving spouse, if any, is the primary beneficiary and the deceased's next of kin are secondary beneficiaries. The court may also appoint an administrator to manage the estate during the process.

Florida Disposition of Personal Property Without Administration is a legal process used to distribute the assets of an estate when the deceased had no will, and the court decides who will receive the deceased's personal property. This process is available when the value of the estate is less than $75,000. There are two types of Florida Disposition of Personal Property Without Administration: Descent and Distribution and Summary Administration. Descent and Distribution is used when there is an intestate estate or when the deceased had a will. Summary Administration is used when there is an estate with assets valued at less than $75,000. In this process, the surviving spouse, if any, is the primary beneficiary and the deceased's next of kin are secondary beneficiaries. The court may also appoint an administrator to manage the estate during the process.

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FAQ

A disposition without administration is the probate process used to quickly transfer the ownership of the decedent's small estate to an heir or beneficiary. All the heir or beneficiary needs to do is petition a court to allow this transfer.

Disposition of Personal Property Without Administration. The disposition is filed to request the release of assets of the deceased to the person who paid the final expense, such as funeral bills or medical bills for the last 60 days. This procedure may be accomplished with the filing of an informal application.

To use Summary Administration requires filing a petition with the probate court. It also requires doing the following: Valuing the estate, which can consist of no more than $75,000 in assets.

Disposition of Personal Property Without Administration - The disposition is filed to request release of assets of the deceased to the person who paid the final expenses, such as funeral bills or medical bills for the last 60 days.

Do all estates require probate? ? All estates do not go through probate in Florida. If a person passes away without a will or trust and has assets in their name ONLY, then probate is required to distribute property and monies.

$20,000.00 of household furniture, furnishings, and appliances; Two motor vehicles used as the decedent's personal motor vehicles; and. Any qualify tuition programs under Section 529 of the Internal Revenue Code.

When does Summary Administration apply in Florida? ing to Section 735.201 of the Florida Statutes, summary administration in Florida can be done if the person has been deceased for over two years or if the assets are less than $75,000.

More info

What is Disposition of Personal Property without Administration? This type of proceeding allows reimbursement to a person who paid for the decedent's final expenses.Disposition without Administration Petition – 3 pages, notarized (required) o Pursuant to FL Statute 735. Disposition of Personal Property Without Administration is typically used for what may be deemed to be a small estate. Completed Law Form 362 (Petition for Disposition of Personal Property without Administration {Verified. Statement}). Death Certificate (certified or a copy). This probate proceeding is used to request release of assets of a decedent leaving only personal property as described in Fla. Stat. 732. There is one form included, you may need to print or copy more blank forms for each to complete and sign. The estate of decedent consists only of personal property exempt under the provisions of Section 732. Complete the Petition for Disposition of Personal Property Without Administration.

Florida Disposition of Personal Property Without Administration

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