Probate refers to a court process that ensures the proper distribution of assets following a person’s death. However, not all estates must go through this legal procedure.
You can transfer some types of assets to a new owner without court approval.
Some common types of non-probate property in the Sunshine State include:
When someone dies without a will, a court of law must identify the heirs for the correct distribution of the person’s estate. However, estates with a valid will may still need to go through probate. When someone dies, and the assets are only in that person’s name, the court must oversee the process of distributing property to beneficiaries according to the will.
Probate is a complex process that requires in-depth knowledge of state laws and regulations. Planning for the distributions of your assets after death helps ensure a smooth process for your beneficiaries.