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FL H1439
Bill
Status
6/29/2020
Primary Sponsor
Commerce Committee
Click for details
AI Summary
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Financial institutions may pay funds from a deceased person's individual bank accounts (up to $1,000 aggregate) to a qualified family member without court proceedings, provided at least 6 months have passed since death and the family member submits a death certificate and sworn affidavit
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Family member eligibility follows a hierarchy: surviving spouse first, then adult children, then adult descendants, then parents of the decedent
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Creates an informal process for distributing intestate estates containing only exempt personal property plus nonexempt property valued at $10,000 or less (plus certain medical/funeral expenses), available when the decedent has been deceased more than 1 year with no pending administration
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Financial institutions are protected from liability when releasing funds based on the affidavit, while the family member who receives funds remains personally liable to creditors and rightful heirs for amounts exceeding their proper share
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Making a false statement in the affidavit to obtain funds constitutes theft under Florida law (s. 812.014)
Legislative Description
Bank Property of Deceased Account Holders
Last Action
Chapter No. 2020-110
6/29/2020