Florida Senate - 2008 CS for SB 2048
By the Committee on Banking and Insurance; and Senator Lynn
597-07660-08 20082048c1
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A bill to be entitled
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An act relating to probate; amending s. 732.103, F.S.;
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authorizing intestate property that has escheated to the
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state to descend to certain Holocaust descendants prior to
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the 10-year escheatment period; extending the effective
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date of this provision; amending s. 732.402, F.S.;
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revising the list of property that is exempt from most
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claims against the estate; amending s. 733.602, F.S.;
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revising which standard of care is applicable to a
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personal representative responsible for settling an
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estate; providing an effective date.
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Be It Enacted by the Legislature of the State of Florida:
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Section 1. Subsection (6) of section 732.103, Florida
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Statutes, is amended to read:
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732.103 Share of other heirs.--The part of the intestate
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estate not passing to the surviving spouse under s. 732.102, or
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the entire intestate estate if there is no surviving spouse,
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descends as follows:
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(6) If none of the foregoing, and if any of the descendants
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of the decedent's great-grandparents were Holocaust victims as
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defined in s. 626.9543(3)(a), including such victims in countries
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cooperating with the discriminatory policies of Nazi Germany,
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then to the descendants of the great-grandparents. The court
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shall allow any such descendant to meet a reasonable, not unduly
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restrictive, standard of proof to substantiate his or her
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lineage. This subsection only applies only to estate property
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deposited with the Chief Financial Officer pursuant to s.
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732.107, regardless of whether the specified 10-year escheatment
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period has run, escheated property and shall cease to be
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effective for proceedings filed after December 31, 2010 2004.
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Section 2. Subsection (2) of section 732.402, Florida
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Statutes, is amended to read:
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732.402 Exempt property.--
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(2) Exempt property shall consist of:
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(a) Household furniture, furnishings, and appliances in the
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decedent's usual place of abode up to a net value of $20,000
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$10,000 as of the date of death.
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(b) Up to two motor vehicles as defined in s. 316.003(21),
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each of which do not have a gross vehicle weight in excess of
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15,000 pounds, All automobiles held in the decedent's name and
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regularly used by the decedent or members of the decedent's
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immediate family as their personal vehicles automobiles.
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(c) All qualified tuition programs authorized by s. 529 of
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the Internal Revenue Code, including, but not limited to, advance
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payment contracts under s 1009.98 and participation agreements
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under s. 1009.981 Stanley G. Tate Florida Prepaid College Program
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contracts purchased and Florida College Savings agreements
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established under part IV of chapter 1009.
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(d) All benefits paid pursuant to s. 112.1915.
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Section 3. Subsection (1) of section 733.602, Florida
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Statutes, is amended to read:
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733.602 General duties.--
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(1) A personal representative is a fiduciary who shall
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observe the standards of care applicable to trustees as described
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by part VII of chapter 736. A personal representative is under a
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duty to settle and distribute the estate of the decedent in
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accordance with the terms of the decedent's will and this code as
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expeditiously and efficiently as is consistent with the best
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interests of the estate. A personal representative shall use the
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authority conferred by this code, the authority in the will, if
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any, and the authority of any order of the court, for the best
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interests of interested persons, including creditors.
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Section 4. This act shall take effect July 1, 2008.
CODING: Words stricken are deletions; words underlined are additions.