How To Probate And Settle An Estate In Florida
Probate is defined as the legal process by which both personal and real property in an estate is transferred to the heirs or beneficiaries of the deceased person. There are two different kinds of probates; formal administration and summary administration.
- Formal administration is used when the total value of the state minus the value of exempt property from creditors, is more than $75,000 or if it has been more than two years since the decedent passed.
- Summary administration is the simplified type of probate. It is defined as the estates value, less creditor claims, is less than $75,000, or if the decedent passed away more than two years prior to filing the administration.
House Traders is very familiar with both types of probates, as we process them regularly. We can even cover all costs related to probate. We use local, reputable law offices, which specialize in probates. If you have been named the Personal Representative of an estate, the process can typically be completed in just a few short weeks.
Before the probate can be completed, there are a few things the estate will need to provide:
- Original Death Certificate
- Notice of Trust (if the home is owned by a trust)
- Homestead Status
- Inventory and Exempt Property
If you have been given the runaround from lawyers, or simply don’t have the time or resources to settle an estate; don’t worry. Let us work on your behalf. We only win when you win, so we want to settle your probate needs quickly and effectively.