We spend our lives working hard to accumulate assets we can pass down to our children and families after we die. Part of that hard work needs to include estate planning to ensure the property and assets we leave behind make it to our loved ones as intended
Some people pass away leaving only their home or other real estate behind. Estates that are made up almost exclusively of real estate and personal items are subject to the same guidelines as any other estate.
When a person passes away in Florida, there are a few ways their estate may be settled. During the estate administration process, the property and assets of a decedent are identified, collected, and distributed to their rightful beneficiaries.
What may sound like a simple question is actually quite complex. The short answer is that probate is not always required after someone passes away in Florida.
The process that occurs after someone passes away might include probate and/or trust administration. There’s always something that needs to be done. There are essentially three over-arching steps.
Tax considerations For Estate Administration in Florida
Selling Estate Property During Probate and Estate Administration in Florida
How Assets are Distributed During Estate Administration in Florida
Is Probate Required for All Florida Estates?
The Role of an Attorney in the Florida Probate and Estate Administration Process