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The probate process is the legal process by which a will is validated, an estate’s assets are appraised and accounted for, debts and taxes paid, and it is the process through which assets are distributed to beneficiaries. The summary administration probate process is Florida’s simplified probate process. There are certain benefits to using this process if the estate qualifies. With the summary administration process, the will is submitted to the court along with a list of the estate’s assets and property. Once the court approves the will and the list of assets, the property of the estate can be distributed to heirs. In some cases, this probate process can move along quite quickly.
Does your loved one’s estate qualify for summary administration? If the value of the deceased person’s property, bank accounts, and assets doesn’t exceed $75,000 (this amount does not include a person’s home), the estate may qualify for summary administration. If the deceased person passed away at least two years ago and there was no distribution of the estate, summary administration may also be possible. In order to qualify for the summary administration probate process, the deceased person must have no debts, or all creditors must agree to the summary administration process. Summary administration may also be used by non-Florida residents if an estate includes Florida property or real estate and the estate must go through probate in the state of Florida, as long as the estate meets the requirements for the summary administration process.
The passing of a family member or loved one can be stressful for everyone involved. You and your family may be handling final arrangements and may be facing unexpected expenses. The probate process can sound overwhelming. Legal Counsel, P.A employs a probate lawyer who can facilitate the process for you and your family. Have questions? We have answers. Contact Legal Counsel, P.A. today at 407-982-4321.
While the summary administration probate process can be much more simplified than other types of probate, you may still want to hire a probate lawyer. Our probate lawyer at Legal Counsel, P.A. in Orlando, Florida can draft the documents required which can be extensive. Even the Florida courts note that additional documents may be required because each probate process will depend on the nature of the deceased person’s estate. What is required to open estate under summary administration?
These are just some of the documents and forms that may be required. Our probate lawyer at Legal Counsel, P.A. in Orlando, Florida can help you with the process.
What happens if there is no will? Is summary administration possible? In fact, with lower value or lower asset estates, summary administration may be more common because there might not be a will in place. In order for heirs or beneficiaries to receive their inheritance, the summary administration probate process may be required. What is required to complete the summary administration intestate process? According to the Florida courts, the following documents are required:
The process of filing for summary administration probate can feel overwhelming. Our probate lawyer at Legal Counsel, P.A. can assist you with the intestate probate process. Let our probate lawyer help you.
While summary administration can move along more quickly than other probate processes, the main limitation is that beneficiaries can be held personally liable for any debt claims made upon the estate for at least two years following the deceased person’s death. Because of this, it is very important to make sure that there are no hidden debts or that any old debts are barred from claims. Our probate lawyer at Legal Counsel, P.A. in Orlando, Florida can help you with checking to uncover any hidden debts or issues. Summary administration is not the best option in all cases. Summary administration is not usually appropriate in complex probate situations, for high net-worth estates, or for estates where there is a great deal of debt or pending lawsuits. Does your loved one’s estate qualify for summary administration? Contact Legal Counsel, P.A. in Orlando, Florida and let our probate lawyer assist you. Have questions? We have answers. Contact Legal Counsel, P.A. today at 407-982-4321.