June 2018 Archives

Excuses...Excuses...Reasons people give for not having their estate plan in order.

In 30-plus years of law practice, I won't say I've heard every excuse but I've sure heard my share. So I thought it might be interesting to share some of these excuses and my thoughts in response to them.

Why does probate of a Florida estate take so long?

In Florida, probate is a court proceeding whereby a deceased person's final affairs are resolved and assets are distributed. There are two types of probate in Florida: summary administration and formal administration. In a summary probate, estate assets must not exceed $75,000 (not including the homestead) and there must be no creditors--or all creditors must be dealt with. Essentially all other probate cases fall under "formal" administration. 

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