The Florida Disposition of Personal Property Without Administration Verified Statement is a document used when an individual passes away and the estate does not require court administration. It is an affidavit that is signed by the surviving heirs of the deceased. The statement must be signed by all the heirs and witnessed by two persons who are not related to the heirs. The statement must include a description of the assets of the decedent, the names and addresses of the heirs, and the names and addresses of the witnesses. The Verified Statement must be filed with the Probate Court in the county of the decedent's last residence. There are two types of Florida Disposition of Personal Property Without Administration Verified Statement: the Small Estate Affidavit and the Non-Probate Transfer Form. The Small Estate Affidavit is used when the estate does not exceed $75,000 in value and the Non-Probate Transfer Form is used when the estate exceeds $75,000 in value.
Florida Disposition of Personal Property Without Administration Verified Statement
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FAQ
Do all estates require probate? ? All estates do not go through probate in Florida. If a person passes away without a will or trust and has assets in their name ONLY, then probate is required to distribute property and monies.
A disposition without administration is the probate process used to quickly transfer the ownership of the decedent's small estate to an heir or beneficiary. All the heir or beneficiary needs to do is petition a court to allow this transfer.
Disposition of Personal Property Without Administration. The disposition is filed to request the release of assets of the deceased to the person who paid the final expense, such as funeral bills or medical bills for the last 60 days. This procedure may be accomplished with the filing of an informal application.
A procedure called Disposition of Personal Property Without Administration allows beneficiaries to quickly and inexpensively settle a very small estate that is no larger than the deceased's funeral expenses and medical expenses for the previous 60 days.
The process can only be completed successfully with the following documentation: The death certificate of your deceased loved one. The decedent's original will. A copy of the funeral bills paid by the beneficiary or heir. Signed consents from heirs if applicable. A petition for Disposition without Administration.
$20,000.00 of household furniture, furnishings, and appliances; Two motor vehicles used as the decedent's personal motor vehicles; and. Any qualify tuition programs under Section 529 of the Internal Revenue Code.
Disposition Without Administration is used to request the release of assets of the deceased to the person who paid funeral and/or final medical bills. If the transfer is being requested to a person who has not paid final expenses, consents allowing such a transfer must be completed to enable the transfer.
735.301 Disposition without administration - (3) Any person, firm or corporation paying, delivering, or transferring property under the authorization shall be forever discharged from any liability thereon.