Fridays are usually considered to be one of the best days of the week; it’s the last day of the work week, the first day of the weekend, and the most common premier night for new movie releases. But from time to time a Friday may occasionally fall on the 13th day of the month signaling a day full of anxiety and bad luck for those who consider themselves superstitious. If you have lost a loved one that failed to create an estate plan in Florida, it is likely that you will soon be experiencing the horrifying process of Probate. However, with the right attorney the stress associated with probate can be significantly reduced.
Probate is the process of validating and distributing the decedent’s assets. This includes a variety of payments that the personal representative will be responsible for distributing, including those to creditors, the court fees, taxes and administration expenses (estate costs, funeral costs, etc.). Naturally, this will also include distributions to the beneficiaries entitled to the assets, as named in the will or trust. This entire process involves extremely complex considerations that are not apparent to anyone who is not trained in the practice of probate administration. Slight mistakes can result in a significant increase in both time and money; and thus it is very important to ensure that the estate is being administered properly. This process will involve tax related consequences, dealing with creditors, inventorying property, appraising property, paying off debts, court filings, procedures to avoid litigation, and considerations associated with exempt property, family allowance, and elective share benefits.
Find the right attorney to manage and avoid the pitfalls and problems associated with probate! For more information on successful Florida estate planning and asset protection techniques, please contact the South Florida law firm of Wild Felice & Partners, P.A. at 954-944-2855 to schedule your free consultation.
It’s a Wild world. Are you protected?SM