Are you currently serving as the personal representative of a Florida estate? Florida probate lawyers know there are rules that come with liquidating assets of the estate. That being said you may need to liquidate assets to pay out creditors and Florida beneficiaries. Do you know the rules? Florida estate attorneys are here to help.
Selling Off Property
- There are rules that probate attorneys Florida follow when representing the personal representative.
- Some of these have to do with liquidating assets.
- Do you know what they are?
- The personal representative may need to cash to satisfy certain bills and other things.
- That may require them to sell off assets.
- Is the Florida personal representative allowed to sell off assets or will that start a Florida probate litigation war?
- The answer depends on the assets according to estate attorneys Florida that deal with this issue.
- For example the Florida courts are probably okay with you selling non real property in some instances.
- You may need a Court’s permission though, so ask a Florida probate lawyer.
- You may be able to sell real estate as well.
- Did you check the Florida will to see what powers the personal representative has?
- That may be important, speak to a Florida will contest lawyer.
Estate of Allard
- This was a case from the appeals Court of Minnesota.
- So what does this have to do with estate litigation in Florida?
- This case deals with what a personal representative can do with estate property.
- Florida probate attorneys know this matters for probate no matter what state you are in.
- Various parties were challenging what the personal representative had done with estate property.
- Florida probate attorneys know this is a serious matter.
- Mismanagement of estate property may constitute a breach of fiduciary duty.
- Do you know the rules?
- If not, speak to a probate attorney Florida today to learn the rules.
Want to learn more?
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