According to Florida law, the affairs of a corporation, even if substantially owned by a decedent, cannot be administered by the decedent’s executor as assets of the decedent’s estate:
The District Court of Appeal held, and we agree, the language of Central Farmers Trust Co. v. Pinkham, et al., 108 Fla. 355, 146 So. 563, is not authority for the contention of the petitioner. To the end that doubt be resolved we hold that the affairs of a corporation, even though substantially owned by a decedent, cannot be administered by decedent’s executor as assets of the decedent’s estate.
See: Gettinger v. Gettinger – 165 So. 2d 757.
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