FL H0505

Precious metals (bullion, coins) held for historical, artistic, collectible, or investment value are classified as tangible personal property under the Florida Probate Code, applying retroactively to all instruments and proceedings where disposition has not been finally determined.

Formal notice in probate proceedings establishes in rem jurisdiction over estate property and protected homestead but does not confer personal jurisdiction over the notice recipient.

Attorneys who prepare or supervise execution of a will or trust cannot receive compensation for serving as personal representative or trustee unless they are related to the testator/settlor, or they provide written disclosures about fiduciary eligibility and compensation that the testator/settlor must acknowledge in a separate signed statement.

Sales or encumbrances involving the personal representative, their spouse, agent, attorney, or any corporation/entity/trust in which these parties have substantial beneficial or ownership interest are voidable by interested persons unless authorized by the will, decedent's contract, or court approval.

Notice of administration must now inform recipients that failing to contest the will may waive their right to contest the validity of a trust or other writing incorporated by reference into the will.