The Estate Plan: Summary Administration

Summary administration is a simplified probate process that applies in specific circumstances. One scenario is when the total value of the decedent’s assets is less than $75,000. You can use summary administration when the decedent has been deceased for over two years. In both cases, the court can expedite the probate process. This makes it faster and more efficient for the distribution of assets. During summary administration, the probate court may not require the appointment of a personal representative. Instead, the court issues an order directing the distribution of assets. This is aimed directly at the beneficiaries. This streamlines the process by eliminating the need for time-consuming administrative steps. However, summary administration may only be suitable for some estates. There are cases where the assets exceed $75,000. There are also instances where the decedent passed away within the last two years. In both situations, formal administration may be necessary. The Estate Plan 135 San Lorenzo Ave Suite #750 Coral Gables, FL 33146 (305) 677-8489 https://www.TheEstatePlanFL.com/