It is not only recommended that you work with an attorney for probate in Florida but is, in fact, required by law. Probate is a court-supervised legal process necessary for administering a person’s assets once they have died. Probate helps guarantee that all assets are distributed to all named beneficiaries. In 2018, Aaron D. Millman, Esq., CPA, founded The Millman Law Group to provide critical legal services to people navigating estate planning. Our experienced professionals always provide the services our clients require when navigating Florida probate in Palm Beach County and other processes. Whenever possible, we help our clients avoid probate to save time and money while transferring assets.
When Is Florida Probate Necessary?
You must go through Florida probate in Palm Beach County when you create your will. Your will includes written instructions to the probate judge regarding who inherits the assets that will pass through probate. There are multiple types of probate in Florida, 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, any debts they have, and the value of their assets.
A personal representative, or executor, is appointed to your estate during the probate process. During this time, beneficiaries will receive notice of the will and are given a chance to raise objections. The time and money required for probate depend on the type of probate needed. However, you can work to avoid probate and create a more efficient transfer of assets.
How Your Lawyer Can Help You Avoid Probate
Your estate planning lawyer at The Millman Law Group can help you meet your estate planning goals in the most cost-effective ways. You can avoid probate by taking the following actions:
- Name beneficiaries of financial accounts. You can avoid probate by naming the beneficiaries of your life insurance, retirement plans, and bank accounts.
- Own assets under a living trust. Your living trust, or living revocable trust, acts as your will because it passes along your assets after death. To avoid probate, assets must be owned by the trust. Your estate planning attorney can help you transfer assets into a trust.
- Establish joint ownership of assets. This applies when people co-own a property as spouses, as joint tenants with rights of survivorship, or as tenants by the entirety. When the other owner dies, the surviving owner will continue to own the property without going through probate.
You can avoid probate by guaranteeing that every property, asset, and financial account you possess is jointly owned by another person, owned by a trust, or has a current beneficiary.
The Benefits of Working with Experienced Lawyers
When you work with the professionals at The Millman Law Group during the probate process, your lawyer not only makes Florida probate in Palm Beach County manageable but helps you avoid excess costs. Your lawyer will help you navigate complex situations, including when someone dies without a will and their assets are “intestate.”
If you want to avoid extra expenses, disagreements, and confusion after a family members’ passing, work with The Millman Law Group.
Contact The Millman Law Group For Assistance with Florida Probate in Palm Beach County
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.