Florida Summary of Account for Inventory of Business
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How to fill out Summary Of Account For Inventory Of Business?
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FAQ
The inventory is verified and filed by the Personal Representative and it must list the property of the estate, including the decedent's protected homestead. The property must be described in detail, including the fair market value as of the date of death. Fla. Stat.
Secure Property of the Decedent Florida Statute section 733.607 empowers the personal representative with control of the decedent's property. The personal representative must act reasonably to protect and preserve assets for the benefit of interested parties during the estate administration.
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.
Inventory. (a) Contents and Filing. Unless an inventory has been previously filed, the personal representative shall file an inventory of the estate within 60 days after issuance of letters.
If you are a beneficiary of a Florida Will, you have 5 important information rights: You have a right to secure a copy of the Will. The original will must be deposited with the court within 10 days of notice of death.
Pursuant to Florida Probate Rule 5.340, the Personal Representative is required to serve a copy of the inventory to the decedent's surviving spouse, each heir at law in an intestate estate, and to each residuary beneficiary in a testate estate.
Without an accurate inventory, it may not be possible to pay debt, distribute inheritances to heirs, and close the estate.
Inventory. (a) Contents and Filing. Unless an inventory has been previously filed, the personal representative shall file an inventory of the estate within 60 days after issuance of letters.
