What is Florida Probate?
Here’s a nutshell explanation of Florida probate administration:
• Probate administration is a court process.
• Assets are collected, creditors are paid and beneficiaries receive whatever remains.
• Assets = Real Estate or Personal Property
• Two kinds of “Probate”: Summary & Formal Administration
• The existence of a Will does not eliminate the need for probate
• In Florida, “Personal Representatives” are in charge of “probating” the estate
• Personal Representatives must have attorney representation (attorneys do most of the work)
• Most probate cases are filed by mail with telephone hearings (so your attorney does not have to be in the county where probate is required)
Florida Probate Law is more than just an exercise in form filling. There are rules and procedure that must be followed or the clerk and the court may stonewall your progress. Most people do not even think about the probate process until they find they cannot access assets of the decedent. Additionally, real estate cannot be sold, transferred, insured, leased/rented until the property is put through probate court.
Last Will and Testament Does Not Avoid Probate
A very common misconception is that if you have a Last Will and Testament, then you do not need to put the estate through probate. This is completely false. A Will is a set of instructions on how assets should be distributed and who should be nominated as the personal representative – that is – who shall administer the probate once the court authorizes them to take action.
Note: A personal representative must be appointed by the court before they have actual authority to proceed.
Is Probate Necessary?
Often, there are alternatives to probate depending on how assets were held and titled. There are also opportunities for reimbursements instead of inheritances, if a reimbursement will suffice. The question usually turns to “what kind of probate is really necessary”?
Formal Administration or Summary Administration
These are the two main types of probate in Florida. Formal administration is a the traditional form of probate wherein a personal representative is appointed and Letters of Administration are issued. Summary Administration is, as the name suggests, an abbreviated form of probate. No personal representative is appointed in a Summary Administration. Instead, a petition is filed asking for streamlined distribution of the estate. Not every estate is eligible for Summary Administration and in many cases, even if the estate is eligible, it may not be the best choice.
When to File Probate
There is no statute of limitations on when probate must be administered. However, once probate is initiated, there are many deadlines and formalities to be addressed.
Starting Probate Too Early
It is especially important to note that it is sometimes not wise to start probate immediately. It is critical to make an assessment of the decedent’s creditors before starting. Some assets of the estate are exempt from the claims of creditors but they must be properly declared to be exempt to be protected.
On the other hand, delaying probate can create problems. As previously mentioned, most real estate cannot be transferred or managed without probate. Many people make the mistake of listing a property for sale before probate and then learn that the sale cannot be completed until probate is started. This delay may add weeks or months to the sales process and buyers may decide not to proceed with the transaction if they are required to wait. Aside from real estate, starting probate in a timely manner will give the personal representative the power and authority needed to preserve and secure assets that are at risk of loss or depreciation.
How Long Does Probate Take?
The answer is never “overnight”. Depending on the type of probate administration and court response times, probate may take just a few weeks or several months. As you might imagine, litigated estates may take years to close. However in uncontested matters, there are still many steps that must be taken. Failure to complete any of the critical steps can add significant delays to a probate proceeding. We find that most Summary Administration cases can be completed between 1 to 4 months. Formal Administrations tend to complete within 7 to 9 months. Note that during Formal Administration, there are many out-of-court concerns that must be accomplished such as: securing assets, addressing creditor claims, liquidating assets, preparing final tax returns and preparing formal accountings. Efficiency is key in probate administration.
Need reasons to contact us?
How about 600 of them?
- We have helped over 600 clients effectively and efficiently handle their probate cases.
- It’s a completely free, zero-obligation, 20-minute phone consultation.
- Learn ASAP if probate is really necessary.
- We try to give everyone a workable solution for their specific case (including solutions that don’t require an attorney).
- Fill out the form and you automatically get a free copy of our probate ebook (see more below).
or call us toll free at (877) 937-7628
INSTANT DOWNLOAD: Understanding Florida Probate Law
In addition to setting up your free phone consultation, you’ll also receive a free copy to our popular ebook, “Understanding Florida Probate Law” (downloaded over 5,000 times since 2008). Inside you’ll learn more about:
- Types of probate
- Real world probate scenarios
- When probate makes sense
Be sure to check your SPAM/JUNK folder to make sure you locate our email with the instant download!
Here’s what to expect:
- Fill out this form and you’ll receive an immediate confirmation email
- Typically, within one (1) business day, an attorney will review your submission and prepare for a consultation
- If a short email response will do, an attorney will reply directly to you.
- If your case calls for a full consultation (and quote), an attorney will reach out to you.
- If you aren’t available to talk, we will happily reschedule!
- After your consultation, the attorney will issue you a quote!
- We offer Flat Fees on all uncontested matters!
Hear a brief welcome clip from Long.