Probate Administration

By: Wild Felice & Partners, PA  07/05/2015
Keywords: Probate, probate adminstration

Probate is simply the process of transferring assets from a deceased person to that person’s living beneficiaries. Without any Will, Trust or other estate planning tool, the state of Florida will decide who those beneficiaries will be through the Florida Intestate Statutes. By utilizing a Last Will and Testament, you are able to decide which beneficiaries you wish to inherit from your estate but only after the assets have been drained by the probate process. Probate usually takes between 6 and 18 months and costs between seven and ten percent of the overall estate assets, when taking into account the amount of money needed to satisfy the Court costs, attorneys’ fees, publication costs and creditor claims. Avoiding probate by using the proper estate planning tools is ideal but for those families who lost loved ones before they were able to set up such plans, it is crucial that they hire an experienced probate attorney to limit the costs, fight the creditor claims and guide the family of the deceased through the perils of the probate process.

Keywords: Probate, probate adminstration

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