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Estate Planning

: Florida Estate Planning Lawyer Blog

When do I have to File an Inventory in a Florida Probate?

By David M. Goldman

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This was included in version 7 of the Florida Probate Handbook as such I wanted to publish it on my blog for those of you who did not receive it.
The Personal representative shall file an inventory within 60 days after the issuance of letters of administration. The inventory must contain notice of the beneficiaries? rights, list the assets with reasonable detail and its estimated fair market value at the date of the decedent?s death. Homestead property is also listed and designated as a protected homestead. The court can extend the date the inventory is due with cause and no notice is necessary. If there is an extension, the PR must serve copies of the petition and order on Department of Revenue, the surviving spouse, each heir at law in an intestate estate, each residuary beneficiary in a testate estate, and any other interested person who may request it in writing. The personal representative shall file proof of such service.

Follow this link to request your free copy of the Florida Probate Handbook

Full post as published by Florida Estate Planning Lawyer Blog on September 02, 2009 (boomark / email).