David Howard Goldberg, P.L.

Posts tagged "Estate Administration & Probate"

Tom Petty's heirs agree on estate administration

Handling the affairs of a loved one who has died can be time-consuming and frustrating. Florida families may feel many emotions and not know where to begin when the time comes to deal with a departed loved one's assets. However, estate administration for a celebrity may have added complexities.

Executors can prepare for probate ahead of time

Though a person in charge of an individual's remaining affairs typically does not take action until after the person's death, he or she can still prepare ahead of time. Being an executor takes a lot of work and responsibility, and having somewhat of a head start could go a long way when the time comes to step into the role. Florida probate can be a long and trying process, and preparation can be useful.

Understanding assets that do not need probate

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.

Steps of estate administration and probate

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.

Understanding the basics of probate

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.

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