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FAQs About Estate Administration

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FAQs About Estate Administration

March 1, 2023
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Who Can Act as a Personal Representative or Will Executor in Florida?

In general, anyone can serve as a Will executor in Florida if they:

  • Are 18 or older
  • Are physically and mentally capable of undertaking an executor’s duties
  • Don’t have any prior felony convictions

A bank or another financial institution can also act as a Will executor, provided it is authorized to act as a fiduciary in Florida. Non-residents may serve as executors if they’re related to the decedent by marriage, blood, or adoption.

An estate administration attorney can ensure that your chosen representative may serve as your will executor in Florida.

How Long Does Estate Administration Take?

A typical Florida estate takes between 6 and 9 months to close, including probate and asset distribution. However, estate administration may take longer if the estate is especially large or complex or if it includes property in other states. For example, if the decedent owned real estate outside Florida, those assets may need to go through probate in the state where they are registered.

Inheritance disputes or conflicts over estate administration can also prolong estate closure. Our estate administration law firm can help Will executors and beneficiaries overcome hurdles while closing an estate.

What Happens if a Personal Representative Violates Their Duties?

Acting as a Will executor involves many complex duties, like inventorying and valuing assets, discharging tax liabilities, and managing the estate during closure. An executor who is not a legal or tax professional may accidentally mismanage the estate even if acting in good faith, which could lead to various legal repercussions. Beneficiaries may ask the court to appoint a different representative or file a lawsuit against the Will executor.

If you’re a Will executor, consulting an estate administration attorney can help you avoid estate closure mistakes, conflict with beneficiaries, and potential legal liability.

Copyright © 2024. Family First Firm - Medicaid & Elder Law Attorneys. All rights reserved.
The information in this blog post (“post”) is provided for general informational purposes only and may not reflect the current law in your jurisdiction. No information in this post should be construed as legal advice from the individual author or the law firm, nor is it intended to be a substitute for legal counsel on any subject matter. No reader of this post should act or refrain from acting based on any information included in or accessible through this post without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from a lawyer licensed in the recipient’s state, country, or other appropriate licensing jurisdiction.
Family First Firm – Medicaid & Elder Law Attorneys
(407) 574-8125
https://familyfirstfirm.com
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