The bill amends Section 733.501 of the Florida Statutes, which pertains to the appointment and responsibilities of curators for estates. It establishes clearer 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 there is a significant risk of property being wasted or removed. The bill also outlines the authority and duties of curators, requiring them to take custody of estates under specific circumstances, act as trustees when appointed, and file periodic reports with the court detailing their management of the estate.
Additionally, the bill introduces new bond requirements, stating that curators must post a reasonable bond determined by the court, with an exception for banks and trust companies. It emphasizes the court's role in reviewing curator reports regularly and allows for more frequent reporting if necessary. The language of the bill also aims for consistency in terminology, ensuring that "curator" is uniformly used throughout the statute. The act is set to take effect on July 1, 2025.
Statutes affected: H 417 Filed: 733.501