Florida Affidavit by an Attorney-in-Fact in the Capacity of an Administrator of an Estate
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How to fill out Affidavit By An Attorney-in-Fact In The Capacity Of An Administrator Of An Estate?
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FAQ
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. If the person has been dead for over two years then there is no cap in the amount of assets of the administration.
Stat, section 735.203- Petition for summary administration, if there is a surviving spouse, he or she must sign the petition for summary administration. Any beneficiaries must also sign the petition, unless the beneficiary will receive a full distributive share of the estate under the proposed distribution.
Attorney-in-Fact and Power of Attorney An attorney-in-fact is a person who has been legally appointed to act on behalf of another person in a legal or business matter. The person appointing the attorney-in-fact is called the "principal," and the attorney-in-fact is sometimes referred to as the "agent."
Under Florida Statutes Section 733.617, a personal representative is entitled to reasonable compensation for their services.
Summary administration is a procedure in Florida during which the estate of a decedent is settled and estate assets are distributed to ing to the terms of the will or ing to Florida's intestate succession statute.
Florida statute 709.2109 dictates that a power of attorney terminates when the principal (the creator of the power of attorney) becomes incapacitated or dies. The difference, in Florida, between the (regular) Power of Attorney and the Durable Power of Attorney is also prescribed by Florida's statutes.
Florida Probate Statute 735.201: Summary Administration; Nature of Proceedings. In Florida, when someone passes away, the affairs of that person must be settled, and his (or her) probate property must be distributed to others based on the terms of his will.
Summary administration is the other type of procedure in Florida for small estates and is available if: The estate contains less than $75,000 of nonexempt assets, or. More than two years have passed since the date of death.
