Florida Probate Administration is a court-supervised process for identifying and gathering a deceased Florida resident's assets, paying his or her federal income and/or estate taxes, creditor claims and expenses of administration, and distributing the decedent's assets to their beneficiaries.
Florida Probate Estate Administration (Formal or Summary) is necessary when a Florida resident passes away owning any of the following assets: (i) bank account in his or her sole name; (ii) life insurance policy payable to his or her estate; and (iii) real estate titled in the sole name of the decedent (unless it is homestead).
Florida Probate Administration (Ancillary Administration) is also necessary when a non-Florida resident passes away owning real property in the state of Florida.
When a Florida resident passes away with a Last Will and Testament the process is known as "Testate Administration." If the Florida resident passes away without a Last Will and Testament the process is known as "Intestate Administration." There are two distinct types of probate administration under Florida law: Formal Administration (probate assets valued in excess of $75,000) and Summary Administration (probate assets valued under $75,000).
Florida Probate Proceedings:
Formal Administration probate assets valued in excess of $75,000)
Summary Administration - probate assets valued under $75,000
Ancillary Administration - when a non-Florida resident passes away owning real property in the state of Florida.
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