Probate Ins and Outs
Probate is a complex and potentially confusing process. Experienced Palm Beach County probate attorneys like the lawyers at Bankier & Arlen Law Group, PLLC in Delray Beach, Florida can walk you through this process and provide complete assistance if necessary. Learn more about the ins and outs of probate and Palm Beach County probate law below.
The basics of probate
If you are dealing with a will for the first time, you may find yourself wondering what exactly probate entails. Simply put, it is the court-supervised process of collecting the estate's assets, paying debts and estate taxes, and distributing the remaining property after an individual dies.
There are two types of probate: the lengthier version known as formal administration, and the shorter version, known as summary administration. Aside from the length, the main point of difference in the two is that Letters of Administration are issues in formal administration but not in summary administration. Estates handled in summary administration probate must not exceed $75,000 or must be filed at least two years after the date of death.
The details of probate
Under Florida law, individuals are not permitted to probate a will without the counsel of an attorney. This is intended to protect people during the probate process.
There are certain fees and costs associated with filing probate, including:
- Formal administration — $401
- Summary administration — $346
These fees may vary based on the county in which you file.
Trust Bankier & Arlen Law Group, PLLC for a skilled Palm Beach County probate attorney
Protect your legacy. Preserve your wealth. Contact Bankier & Arlen Law Group, PLLC online or call our Delray Beach office at 866.919.6329 for comprehensive legal counsel for your estate planning and business succession needs.