Working with an attorney for probate in Florida is not only highly recommended but required by law. Probate is a court-supervised legal process critical for verifying and administering an individual’s assets once they have died and guarantees that all assets are distributed correctly to every named beneficiary. The Millman Law Group was founded in 2018 by Aaron D. Millman, Esq, CPA, to help people navigate estate planning, including Florida probate in Boynton Beach. Our team of expert attorneys advocates for our clients and always provides consistent, professional, and patient services our clients deserve. We help guide people through the probate process and, whenever possible, even help them avoid probate to save time and money while transferring assets.
When Is Florida Probate Required?
You must undergo Florida probate in Boynton Beach when you create your will. Your will includes written instructions to a probate judge regarding who inherits the assets that will be probated. There are multiple types of Florida probate, including the two most common: formal administration and summary administration. The type you use depends on when probate is filed in relation to the decedent’s death, the value of their assets, and any debts.
A personal representative, or executor, is appointed to the estate during the probate process. Beneficiaries will receive notice of the will and are provided a chance to raise objections. The time and legal fees required for probate depend on the type of probate needed. However, you can find ways to avoid probate and enjoy a more efficient transfer of assets.
How Your Estate Planning Lawyer Can Help You Avoid Probate
Your estate planning lawyer from The Millman Law Group can be essential for helping you meet your estate planning goals in the most cost-effective way possible. You can avoid probate by taking the following actions:
- Own assets under a living trust. Your living trust, or living revocable trust, acts as a will because it passes along your assets after death. However, assets must be owned by the trust to avoid probate. Your estate planning lawyer helps you transfer your assets into a trust.
- Name beneficiaries of financial accounts. To avoid probate, it’s common to name the beneficiaries of your life insurance, retirement plans, and bank accounts.
- Establish joint ownership of assets. If you co-own a property as a spouse, as joint tenants with rights of survivorship, or as tenants by the entirety, when another owner dies, the surviving owner continues to own the property without going through probate.
You can avoid probate by guaranteeing that every property, financial account, and other assets you possess are either jointly owned by another person, owned by a trust or has a current beneficiary associated with it.
The Advantages of Working with Expert Lawyers
When you work with the professionals at The Millman Law Group during probate, your lawyer will not only make Florida probate in Boynton Beach manageable but will help you avoid excess expenses. Your lawyer will also help you navigate complex situations, such as when someone dies without a will and their assets are deemed “intestate.”
If you want to avoid extra costs, disagreements, and confusion after a family members’ death, work with The Millman Law Group.
Contact The Millman Law Group For Assistance with Florida Probate in Boynton Beach
Millman Law Group, PLLC is one of the only law firms that offers life planning in South Florida. From life care planning to the preparation of detailed estate plans, Millman Law Group has committed to serving Floridian elderly communities in Boca Raton, Palm Beach County, Ocean Ridge, Hillsboro Beach, and many other areas since 2018. Our dedicated team specializes in special needs trusts and catering to any age demographic because we know that it’s never too early to start preparing for your future. For the latest news in estate planning and elder care law, follow us on Facebook, Twitter, LinkedIn, and Pinterest. You can also contact us at 561-463-6480.