Talk of The Villages Florida - View Single Post - Executor of will of Fla.resident
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Old 01-19-2012, 08:15 PM
cybrgeezer cybrgeezer is offline
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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.
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