Posts tagged "lawyer"

What are the duties of a Personal Representative in Florida?

A Personal Representative has many duties that must be carried out in accordance with Florida Probate Law. These duties include gathering estate assets, determining and resolving estate liabilities, paying any taxes, distributing the estate assets to beneficiaries and closing the estate.

Is probate required if a person dies but had a beneficiary or a pay-on-death designation?

For any assets which have either a beneficiary designation, a pay-on-death ("POD") designation, or a transfer-on-death ("TOD") designation, probate is not necessary. At the death of the owner, these assets will be paid or transferred directly to the named designee.

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