Probate: Your Questions, Answered
Probate can be confusing and overwhelming, especially during a time of loss. Many families have questions about how probate works, the responsibilities of a personal representative, and the distribution of assets under Florida probate law. Understanding the probate process can help reduce stress and enable you to navigate your legal obligations more efficiently. Below, we […]
What Happens to Debts in Probate?
Passing away with debt is common in the US, and numbers are growing. The credit reporting agency Experian found that 73% of Americans die with outstanding debt, leaving an average of $60,000. Debt doesn’t disappear after you pass away. During the probate process, creditors make claims against your estate to settle outstanding debts. This process […]
What Assets Are Exempt from Probate?
One of the most common questions we’re asked when creating estate plans is how to avoid probate. Probate can be time-consuming, complex, and expensive, so it’s reasonable that you want to do everything you can to avoid having your property, financial accounts, and personal possessions go through this process after you pass away. Fortunately, only […]
