When a person passes away, their assets often go through a legal process called probate. In Florida, there are two main types of probate: formal administration and summary administration.
Summary administration is a simpler, faster alternative to formal probate, making it a popular choice for smaller estates. Here’s...
Estate planning is crucial for protecting your assets and ensuring a smooth transfer of property to your heirs. For many Florida homeowners, especially those looking to avoid probate, an Enhanced Life Estate Deed—commonly referred to as a Lady Bird Deed—can be an invaluable estate planning tool.
This unique...
When a loved one passes away in Florida, their estate may need to go through probate. Summary administration is a more efficient and cost-effective option for smaller estates. It is a streamlined probate process that can save families time and money. If you're facing probate, especially in the context of Florida's...
For many families, summary administration in Florida can speed up and simplify the probate process following a loved one’s death. Here is what you need to know about summary administration and when it may be an available option for you.
What Is Summary Administration?
Many Florida estates include primary residences, vacation homes, vacant land, or other types of real estate. Many times, these estates must go through the probate process, which can be long and complicated. Heirs need to protect the estate’s assets during this process to protect their inheritance. Here are some responsibilities to...
Real estate is often one of the most highly valued and complex assets that may has to be administered during the probate process. Understanding Florida’s intricate rules surrounding real estate and probate is essential to properly probating real property in Florida. Here is what you need to know about handling real...
A Florida homestead property (i.e., your primary residence) is considered a non-probate asset because the Florida constitution controls how homestead property is distributed. However, in order to convey clear title to a buyer or to refinance the property, Florida homestead must go through the probate process if the sole owner on...
Probate can be a long and expensive process, but some of the factors that determine how long probate will take in Florida are the type and amount of assets that your loved one left behind. Estates that have limited assets may qualify for summary administration, a less expensive and faster...
Homestead property in Florida is treated differently than most other real estate once the owner passes away. If your loved one has recently passed away and probate is in your future, you will likely need to know what the terms associated with a homestead property mean. Life tenants, remaindermen, life estate...
Two-thirds of Americans do not have a Last Will and Testament. When they pass on, they are legally said to die “intestate”. Dying intestate may complicate the probate process, which can already take up to a few months for a Summary Administration (the shortened form of probate in Florida)...
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