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2006-217; s. 3, ch. They founded Florida Probate Law Group with a vision of helping families and providing value for money. This section is intended to clarify existing law and applies retroactively to all written instruments executed before, on, or after July 1, 2020, as well as all proceedings pending or commenced before, on, or after July 1, 2020, in which the disposition of precious metals in any tangible form has not been finally determined. Devisee means a person designated in a will or trust to receive a devise. See the Rules of Procedure page for full text of the rules and any proposed amendments. Unlike a summary estate administration, a formal estate administration remains open while the decedents property is being collected, used to pay eligible debts, and then distributed to beneficiaries of a will or intestate heirs. The procedures for the enforcement of substantive rights which have vested prior to January 1, 2002, shall be as provided in this act, except that any Family Administration filed before January 1, 2002, may be completed as a Family Administration. If a decedent had numerous creditors, formal administration can be beneficial in avoiding the payment of debtors who do not comply with the claim process. The most common assets that go through this process are bank accounts, real estate, vehicles, and personal property. While courts have been as flexible as possible given the situation, probate dockets in Florida have become slower during this process. The purpose of this distinction is to protect farmers but prevent abuse of the homestead rule by persons within the city limits. If you need advice regarding probate administration in Florida, click here to contact us or call Florida Probate Law Group anytime at (352) 354-2654 to schedule a free call with an attorney. 87-226; s. 1, ch. It covers topics such as: Estates and trusts Evidence Taxation and exemptions Homestead and exemptions Regulation of trade Commerce Investments and solicitations Banks and banking If an arbitration enforceable under this section is governed under chapter 682, the arbitration provision in the will or trust shall be treated as an agreement for the purposes of applying chapter 682.