What is Formal Administration?
Formal Administration is the typical “long form” estate which is mandatory for estates with more than $75,000.00 in non-exempt property.
Formal administration has several steps, and takes a minimum of 5 to 6 months to complete, although it can take longer, depending on the circumstances. A personal representative (known in other jurisdictions as an “executor” or “administrator”) is appointed by the court to act on behalf of the Estate.
The personal representative has power to access bank accounts, sell real or personal property, hire attorneys and accountants, and do anything necessary to effectively administer the estate. With all that power comes responsibility.
A personal representative is a “fiduciary”, having the highest level of trust to act in the best interests of the beneficiaries, creditors, and all persons who have any interest in the estate. Personal representative is a job to be taken seriously. Florida statutes allow a personal representative to be compensated for their services from the estate. A personal representative must be represented by an attorney.
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DAVID A. SILVERSTONE
FLORIDA PROBATE AND ESTATES LAWYER.
David A. Silverstone is a graduate of Nova Southeastern University Law School, and has been practicing law in Florida since graduating in 1990. He focuses his practice on probate administration and probate litigation cases in Florida.
David A. Silverstone has a reputation for honesty, integrity, and fairness among the legal community of Broward, Dade and Palm Beach Counties. He believes that the relationship between a lawyer and a client should be one of trust and confidence, He communicates candidly and honestly with all of his clients.
David A. Silverstone strives to resolve all legal matters promptly, skillfully, and at the most reasonable cost possible. He has the experience to know what issues will be involved in your case, from the first meeting. The firm is very focused on customer service and courtesy, and we do everything possible to ensure that interactions with attorney and staff are positive ones. David A. Silverstone is married with two children, and in his spare time enjoys travel, cooking, and playing guitar.
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