CS/HB 1307 Summary

• Creates section 731.1065 effective July 1, 2019, defining precious metals in tangible form (bullion, coins) kept for historical, artistic, collectable, or investment value as tangible personal property under Florida Probate Code, with retroactive application to pending proceedings.

• Amends section 731.301 to clarify that formal notice in probate proceedings is insufficient to invoke a court's personal jurisdiction over a person receiving such notice, though it remains sufficient for jurisdiction over the person's estate interest.

• Amends section 733.610 to expand voidable transactions to include sales or encumbrances affected by conflicts of interest, unless the will or decedent's contract expressly authorized the transaction or the court approved it after notice.

• Adds section 733.617(8) prohibiting attorneys and related persons from receiving compensation as personal representative unless they are related to the testator or the testator executes a written acknowledgment of three specific disclosures before will execution, effective October 1, 2019 for wills executed after that date.

• Adds section 736.0708(4) with identical restrictions on attorney compensation as trustees in trust instruments, requiring settlor disclosures and written acknowledgment, effective October 1, 2019 for trusts executed or amended after that date.