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As you can see, there are ways you can avoid probate in the state of Florida. What will work best for you will depend on your specific circumstances and your specific assets. It is wise to discuss your situation with one of our experienced Ayo and iken florida estate attorneys in order to determine the best way to proceed in order to avoid probate.
The value of the decedent’s Florida probate property doesn’t exceed $75,000 as of 2019. This limit does not include the value of the decedent’s protected homestead real estate, however.Heirs can still take advantage of Florida’s summary administration if a resident dies with $50,000 in the bank and a homestead residence worth 0,000.
Below you will find a list of four easy ways to avoid probate in Florida. What will work the best in your situation will depend on many factors, including how your assets are titled, who you want to inherit your estate, how much of your lifetime gift tax exemption you have used, and how concerned you are about creditor and asset protection.
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We probate estates and assist U.S. families, foreigners, and their attorneys through the entire process of both probate and ancillary probate in Florida from start to finish. Law firms from California, Texas, New York, and across the country, regularly hire us to probate property throughout Florida.
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How to prevent out-of-state probate. Even if your estate does not need to undergo probate in your home state, the estate may require ancillary administration in Florida for owned properties within the state. You may be able to prevent probate and ancillary administration through estate planning methods, such as placing the assets in a trust.