This 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 the estate is at risk of mismanagement. The bill also outlines the authority and duties of curators, requiring them to take custody of the estate 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 bond requirements for curators, mandating that they post a reasonable bond as determined by the court, with exceptions for banks and trust companies. It emphasizes the court's authority to remove curators and impose surcharges if necessary, and it allows for more frequent reporting or additional documentation to ensure proper estate management. The bill also makes technical changes and reenacts a related statute to incorporate these amendments, with an effective date set for July 1, 2025.
Statutes affected: S 520 Filed: 733.501