The bill amends Section 733.501 of the Florida Statutes, which pertains to the appointment and responsibilities of curators for estates. It establishes new criteria for when a court may appoint a curator, including situations where probate has not been initiated within two years of a decedent's death or when unique circumstances arise that necessitate protection of the estate. The bill also outlines the authority and duties of curators, requiring them to take custody of the estate under specific conditions, act as trustees when appointed, and post a reasonable bond as determined by the court, with exceptions for banks and trust companies.
Additionally, the bill mandates that curators file periodic reports detailing their management of the estate, which the court will review at regular intervals. The court has the authority to require more frequent reporting or additional documentation as needed. The language of the bill also includes technical changes for clarity and consistency, particularly in the use of the term "curator." The act is set to take effect on July 1, 2025.
Statutes affected: H 417 Filed: 733.501