It is required by Florida law that you work with an attorney during probate. Probate is a court-supervised legal process required for administering a person’s assets once they have died. Probate ensures that the assets are appropriately distributed among all named beneficiaries. Aaron D. Millman, Esq., CPA, created The Millman Law Group to offer these critical legal services to anyone preparing to navigate estate planning. As experienced professionals, we always provide exceptional service to our clients moving through Florida probate in Parkland. When possible, we also help our clients avoid probate to save them time and money.
When Is Florida Probate Necessary?
Florida probate in Parkland, FL, is an essential part of administering a will. Your will includes explicit instructions for the probate judge to follow regarding who is set to inherit your assets that pass through probate.
There are multiple types of probate, but the two most common are formal and summary administration. The probate you end up using will depend on when the probate is filed, debts the decedent had, and the value of their assets.
During the probate process, a personal representative (executor) is appointed to your estate. As part of this process, beneficiaries receive notice of the will and are allowed to raise objections. The money and time needed for probate depend on the kind of probate required. With the right techniques, it is possible to avoid probate and enjoy a more efficient transfer of assets.
How Your Lawyer Can Help You Avoid Florida Probate
When you work with an experienced estate planning lawyer, they can help you meet your estate planning goals while cutting costs. Here are a few steps you can take to avoid probate:
- Name beneficiaries to financial accounts. You may avoid probate by naming the beneficiaries of your retirement plans, bank accounts, and life insurance.
- Own assets under a living trust. A living trust, or living revocable trust, will act as your will since it passes along assets after death. To avoid probate, your assets must be owned by the trust. Partnering with an estate planning attorney can help you transfer assets into a trust.
- Establish joint ownership of assets. This applies whenever people co-own a property. They can do this as spouses, joint tenants with rights of survivorship, or tenants by the entirety. When one owner dies, the surviving owner maintains their ownership of the property without needing probate.
You can also avoid probate by ensuring that every financial account, asset, and piece of property is jointly owned. This ownership must be between another person or owned by a trust or other current beneficiary.
Benefit From The Knowledge of Your Experienced Lawyer
You can trust that everything will run smoothly by working alongside The Millman Law Group during the probate process. Your lawyer goes beyond making Florida probate in Parkland manageable – they will also help you avoid excess expenses. Your attorney can help prevent complex situations and help you navigate them if they do arise. This includes scenarios when a person dies without a will and their assets are declared “intestate.”
If you want to avoid extra expenses, family disagreements, and confusion after a loved one’s passing, work with The Millman Law Group.
Contact The Millman Law Group For Assistance with Florida Probate in Parkland
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.