Just went through this.
Executor ("personal representative" in Florida legal speak) can be from any state, BUT if the p.r. lives outside Florida, there must be a bond, paid for out of the estate, thereby reducing its final amount. In our case, the out-of-state p.r. dropped out in favor of an in-state person (me).
Bottom line was we didn't even find out how much the bond had to be, but I believe I read it has to equal the estimated value of the estate.
Using a Florida lawyer is a good idea; I don't know if it's required.
A Florida wills and trusts attorney can explain this better and in detail.
__________________
St. Louis; Southern Illinois; Lake City, FL; Jacksonville, FL
|