When we talk about estate planning, one of the most crucial components to understand is…
When you lose a loved one, asset distribution can be a complicated process. The Pittman Law Office has an experienced Florida probate attorney to guide you.
If assets go into probate, a Personal Representative – someone legally designated to oversee the distribution of assets – will be assigned. The Personal Representative is also known as the Executor. The Personal Representative must handle the distribution of assets and address any objections and creditors. If you are appointed as a Personal Representative, then the Pittman Law Office’s Florida probate lawyer can help you navigate this process.
Let’s take a look at the three types of Florida probate processes:
Formal Administration
Also known as formal probate, this is the most common type of probate in Florida. Formal probate is handled in the county Circuit Court where the decedent lived at the time of death. A Personal Representative will be appointed to oversee distribution of the assets that are in the decedent’s name alone. If you are appointed as the Personal Representative, then it is recommended and sometimes required that a Florida probate attorney help you through the process and also address any discrepancies or disputes.
Summary Administration
This is an expedited form of probate administered when the total property and assets subject to probate are valued at $75,000 or less. Assets subject to probate are assets that are in an individual’s name that is deceased. The asset didn’t have a beneficiary named or another owner on the asset.
Disposition Without Administration
When the decedent’s assets are less than the value of the final expenses, then a “Disposition of Personal Property Without Administration” form may be filed.
If you’ve recently lost a loved one and assets need to be probated, a Florida probate attorney can help ensure the probate process is smooth and properly carried out. Our Florida probate lawyer is happy to discuss this with you further.
The Pittman Law Office specializes in elder law, specifically estate planning and probate. Our friendly and qualified team consists of a Florida estate planning attorney, estate planning paralegal, legal assistant and legal secretary/receptionist. Amy Pittman’s comprehensive understanding of Florida law coupled with her keen insight and genuine compassion for her clients makes her a top estate planning law attorney in the state. If you need a qualified and experienced Florida estate planning lawyer or Florida probate attorney, we can help. Give us a call today!