Florida Probate Attorneys
Probate Administration is a Court proceeding used to identify and gather the assets of a deceased person (this is called “Marshaling” the assets). The assets are then used to pay the cost of the Probate proceeding, then the decedent’s outstanding debts.
The remaining assets are then distributed to the heirs according to the decedent’s last wishes.
“Formal” Probate Administration (where estate assets exceed $75,000.00) may take up to one year or more to full complete.
In circumstances where the assets of an estate do not exceed $75,000.00, an expedited probate estate called “Summary” Administration may be used. Summary Administration may take only a matter of weeks to complete compared to “Formal” Administration which takes much longer.
If there is a Probate proceeding pending in another State but there happens to be Real Estate owned by the decedent here in Florida, “Ancillary” Probate Administration may be required here in Florida.