While not many, there are a couple types of probate processes that differ enough that we recommend learning about them. Anne E. Moore, Probate Attorney in Sarasota and Charlotte County Florida, explains the difference between the Summary and Formal Administration of Probates in this short informational video. If you have more questions about what Probate Process might be right for you and live in the Florida Gulf Coast area, don't hesitate to contact us on our website https//attorneyanne.com/ or call us at (941) 662 5750 to schedule your free consultation.
Anne: There are two basic types of probate in Florida for Florida residents who die, and that is summary administration or formal administration. Formal administration is the one that most are, and that is a formal process that starts with letters of administration. It includes a creditor period, it includes an inventory being filed with the court, and then a winding up of the affairs and an accounting filed with the court. A summary administration is available only where the assets are less than $75,000 and the person who is doing that process, the petitioner, is willing to take it on themselves, the responsibility for debts and beneficiaries.
18 сен 2024
