Distribution of Assets using Probate and/or Trust Administration
Death is a painful process in more ways than one. Death takes a toll on your emotional health as well as your physical and psychological health. The Florida Probate process is largely based on Florida Probate Rules and Florida Statutes. Probate may be perplexing to navigate for most people, especially those named as Personal Representatives (or Executors) and/or Trustees in their loved ones Last Will and Testament and/or Revocable or Irrevocable Trusts. It is important to know Probate Attorneys can help with this navigation so that you do not have to do it alone.
A Probate Attorney can assist you in meeting filing deadlines with regard to the Estate and preparation of documents such as Petitions, Pleadings, Waivers, and/or other documents that need to be submitted to the Probate Court. You will have the piece of mind that you are not alone in this process and that you have an outlet for any questions, concerns, and complications you may have in administering the Estate of a loved one.
As an overview, Florida has two types of Probate administration:
- Formal Probate Administration; and
- Summary Probate Administration.
Formal Probate Administration is required when the assets of an Estate exceed $75,000 (not including property exempt from claims of creditors and homestead property).
If the assets of the Estate do not exceed $75,000, then Summary Probate Administration can be utilized, which is usually a more cost-effective, simpler and faster process that requires less interaction and/or supervision from the Court.
Contact our Law Firm to obtain a Complimentary Preliminary Consultation on how we can assist you with your Estate Planning, Probate, Legal, Business Law, Real Estate, Tax Planning and/or Tax Preparation needs.
Info@HowardSchwartzPA.com | (561) 997 0000