When someone dies and leaves an estate behind, the person responsible for handling the probate process has an important legal role. In Florida, that person is generally called the personal representative, although many people use the word “executor” in everyday conversation. Problems can arise when the personal representative stops communicating with beneficiaries, delays the administration […]
Tag: Personal Representative Duties
Can a Personal Representative Sell Florida Real Estate Below Market Value?
Quick Summary: No. Under Fla. Stat. § 733.610 (Probate) and Fla. Stat. § 736.0802 (Trusts), a fiduciary must administer real estate solely in the best interests of the beneficiaries. A court can void transactions affected by a conflict of interest, such as off-market sales below market value or self-purchases. However, the transaction remains valid if […]