Estate & Probate Attorneys In Florida

The distribution of a deceased person’s assets under court supervision is known as probate. Probate is a legal procedure made available by Florida law. In addition to delaying the distribution of your assets to your loved ones, probate can consume time and resources, which can be very stressful over the months or years it may require to resolve an estate. There are circumstances when the probate process is quick and painless for the surviving family members, but it can drag on for years in a worst-case scenario. Although you may have been led to believe that avoiding probate at all costs is the preferred course of action, there may be benefits to probate in certain circumstances. How Does Estate Planning Work For Small Estates? The Estate Plan FL Law Firm ReviewFor small estates, states like Florida have tailored their probate procedures. These probate procedures may be more efficient, inexpensive, and time-saving than other estate planning tools, like living trusts. The two procedures heirs and beneficiaries can use are the “Disposition of Personal Property Without Administration” and “Summary Administration.” To be eligible for the Disposition of Personal Property Without Administration, the estate size is limited to the expenses for funeral and medical bills during the last 60 days when the decedent was still alive. If intestate, it must not be more than $10,000. Surviving families can exempt certain assets from the estate size up to $20,000. Consult your estate planning attorney about what property Florida law allows. For estates with less than $75,000 in value, heirs or beneficiaries can petition the probate court for a Summary Administration. Transferring assets and property is far quicker and less costly than the conventional probate process. The Estate Plan 135 San Lorenzo Ave Suite #750 Coral Gables, FL 33146 (305) 677-8489 https://www.TheEstatePlanFL.com/