For those in Florida who choose not to include trusts in their estate plans, they may assume that most of their property will go through the probate process. This legal procedure verifies the beneficiaries of an estate, values the assets and satisfies the debts of the deceased, among other things. While probate is an important part of closing an estate, it is not always necessary for some types of assets.
When someone dies, the estate of the deceased may go through the probate process to legally transfer the property to the heirs, pay any lingering debts and close the affairs of the deceased. While this sounds simple, the probate process can be complex, especially if issues or conflicts arise among the heirs. Barring these complications, however, estate administration generally follows a logical pattern.
Probate often seems mysterious, and many in Florida may not understand its importance. In fact, it may seem like a long, drawn-out process that simply delays the time in which the heirs can receive their inheritance. However, probate has many vital steps that work together to ensure that the right people get what they deserve from the estate. Having a basic understanding of probate can help those who are facing the aftermath of a loved one's death.