Summary Administration Form (Page 2 of 4) in pdf

Summary Administration Form Page 2

Formal Administration

General Guidelines for Estate Cases

Bond consideration by the court:

Minimum bond required on all formal administrations with tort

claim as an asset is $15,000 (minimum bond premium)

If the Personal Representative resides in Florida, the bond shall be

on the one-hundred percent (100%) of the liquid assets less the

Personal Representatives’ share

If the Personal Representative resides out of the State of Florida,

the minimum bond shall be one-hundred (100%) of all assets

(including real property) less the personal representative’s share

A restricted depository account or an attorney’s trust account is not

an alternative when the Judge has set bond

The Court requires an Affidavit of No Separate Writing if the Will

indicates that there is a separate writing and there is not one filed.

When requested the last four digits of the decedent’s social security

number may be used

On new cases that have a tort claim as an asset, the following language is

required on the proposed Letters of Administration:

“The Personal Representative may not compromise or settle any claim or

dispose of or encumber any estate asset without specific court approval.”

On all Estates that have a Trust as a beneficiary, the Court will require that

the date of the trust be included under the beneficiaries as:

“……Revocable Trust dated ……”

If the Personal Representative is a beneficiary and their share of

the Trust is designated in the estate this information will help the

Court in determining bond amount.

Summary Administration Form Page 2