Speeding Up the Probate Process: Summary Probate Administration in Florida
In Florida, the probate process can be complex and time-consuming, which is why many individuals turn to summary probate administration to speed up the process.
Here, we will discuss the different aspects of summary probate administration, such as the qualifications required to be eligible, the timeline and costs, other...
Creative Financing for Your Florida Property Purchase
Strict loan qualification requirements and steep down payment amounts stand in the way of many investors and homebuyers looking to purchase Florida real estate. However, there are other non-traditional ways to make owning a home or investing in a Florida property a reality. Creative financing can lower the barrier to homeownership or...
What You Need to Know About Florida’s Intestate Succession Laws
When someone dies without a valid will, that person is said to have died “intestate.” On the other hand, people who die with a valid will are said to have died “testate.” Some Florida residents with no valid will are worried about the State of Florida taking their property after their death....
Understanding Florida’s Probate Laws
Probate is a court-supervised process that allows you to administer and distribute a deceased person’s property to their rightful heirs. Probate is essential when the deceased dies without a will and the asset is not held jointly (or does not have a payable on death beneficiary...
The Three Times You Need a Real Estate Attorney
The process of buying or selling a home can be difficult to understand, especially when it comes to the different legal ramifications. Therefore, it's crucial to have the appropriate legal representation to guarantee that your rights and interests are protected. From negotiating a contract's provisions to addressing any conflicts, a Florida real...
What Is the Difference Between Summary Administration and Formal Administration in Florida?
Deciding between summary administration and formal administration in Florida can be a difficult decision. Many factors come into play, including the value of the deceased’s estate, the type of assets that need to go through probate, the number of heirs, possible creditor issues, and whether the estate may be a party...
What Happens When You Die Without A Will In Florida?
Florida has a higher-than-average population of people over the age of 65. This demographic makes up approximately 21% as of the 2020 census. As such, there tends to be a higher-than-average focus on estate planning and end-of-life rituals. However, many people do pass away without making provisions for the distribution of...
5 Key Facts About The Florida “As-Is” Contract
The Florida Realtors and Florida Bar have created two standard types of contracts that are commonly used for purchasing residential real estate in Florida. They are:
The FR/BAR “Standard” Contract The FR/BAR “As-Is” ContractOne might...
Selling Real Estate During the Florida Probate Process
Losing a loved one can bring many challenges, including the need to distribute their assets. In Florida, this court process is referred to as probate. Two options for probate exist in the state, summary administration and formal administration. Which one is most appropriate often depends on the size and complexity...
What Are The Ways To Take Title To Real Estate In Florida
Florida's population continues to grow, as does purchase activity in its local real estate markets. Whether you are looking to invest in Florida real estate or purchase a first home, properly researching the ins and outs of the process is crucial. With a thriving real estate market, it's essential to understand...