Florida Senate - 2021 SB By Senator Bean 4-01036-21 2021954__ CODING: Words stricken are deletions; words underlined are additions. A bill to be entitled

An act relating to attorney compensation; amending s. 2 733.6171, F.S.; authorizing certain compensation for services of attorneys in formal estate administration to be based on the compensable value of the estate; 5 deleting a presumption that such compensation is reasonable if it is based on the compensable value of the estate; providing an effective date. 8

Be It Enacted by the Legislature of the State of Florida: 10

Section 1. Subsection (3) of

section 733.6171, Florida Statutes, is amended to read: 13 733.6171 Compensation of attorney for the personal representative.— 15

(3) Compensation for ordinary services of attorneys in formal estate administration may be is presumed to be reasonable if based on the compensable value of the estate, which is the inventory value of the probate estate assets and the income earned by the estate during the administration as provided in the following schedule: 21

(

a) One thousand five hundred dollars for estates having a value of $40,000 or less. 23

(

b) An additional $750 for estates having a value of more than $40,000 and not exceeding $70,000. 25

(

c) An additional $750 for estates having a value of more than $70,000 and not exceeding $100,000. 27

(

d) For estates having a value in excess of $100,000, at the rate of percent on the next $900,000. 29 Florida Senate - 2021 SB 954 4-01036-21 2021954__ CODING: Words stricken are deletions; words underlined are additions.

(

e) At the rate of 2.5 percent for all above $1 million and not exceeding $3 million. 31

(

f) At the rate of percent for all above $3 million and not exceeding $5 million. 33

(

g) At the rate of 1.5 percent for all above $5 million and not exceeding $10 million. 35

(

h) At the rate of percent for all above $10 million. 36

Section 2. This act shall take effect July 1, 2021. 37