Navigating the probate process can be a daunting task, but for heirs of Florida property, there's a glimmer of hope in the form of a shortened probate process. This streamlined approach aims to simplify the distribution of assets and provide a faster resolution for beneficiaries. In this article, we'll explore the key...
Probate estate procedure may vary from state to state, but many states have similar laws that allow a simplified estate procedure if the value of a deceased's estate falls below a certain amount. Florida is no exception. The simplified estate procedure in Florida is called Summary Administration.
What...
Given the widespread appeal of Florida’s dynamic real estate market, it is not uncommon for individuals who reside in a different state or country to own a seasonal or income property in Florida. However, if someone with real property in Florida dies while a resident of another state or country, their estate...
If an individual dies owning assets in his or her name alone (“probatable assets”), a probate court proceeding must often take place to determine who is to receive the assets and how the assets will be distributed. This is true even if the deceased left a Last Will & Testament. The Will...
To some people, the very term "probate” may invoke fear about a bureaucratic and costly process involving a deceased individual’s estate. But those with the facts – and a qualified Probate Lawyer by their side – will find that Florida probate law is nothing to be feared or dreaded.
Probate is a court-supervised process for identifying, gathering, and distributing an individual’s assets, transferring the title of the assets to the beneficiaries of the probate estate, and resolving any mandatory creditor claims. It can be a time-consuming and costly process, requiring the filing of specialized documents and compliance with specific laws and procedures.
If you are among the thousands of foreign nationals who own real estate and other assets in Florida, be aware that Florida law has special requirements and protocols for non-U.S. citizens who own property in Florida at the time of their death. Probate for foreign nationals involves the intersection of state, federal,...
Avoiding probate is often among the top priorities of anyone undergoing estate planning, and for a good reason. Probate is known to take too much time, cost too much money, and cause too much stress for loved ones. The Florida probate process can be overwhelming, especially following a traumatic event like...
Dealing with grief is not easy in itself, so when you also have to deal with the probate process after a loved one passes, it can be doubly stressful. The probate process involves identifying a deceased loved one’s assets, paying off their outstanding debts (if applicable), and distributing the rest of the...
A Florida Enhanced Life Estate Deed (also known as a “Lady Bird Deed” because President Lyndon Johnson used one to pass property to his wife, Lady Bird Johnson) is an estate planning instrument that allows a property owner to maintain control of his or her real property while also avoiding probate...
