Estate administration is the second step of the probate process. After the Florida probate court appoints and approves an administrator or executor, the estate administration process commences. Estate administration can be complex, with an average timeframe lasting anywhere from a few months to a year, depending on the type of estates and assets involved. If you need trusted legal guidance at any point during this process, or if you’re serving as a personal representative for a loved one, contact Miami Probate Lawyer Susan E. Durre today.
The personal representative carries several responsibilities. As a personal representative, you must notify the appropriate parties (i.e., creditors, beneficiaries, and other applicable parties). The administrator must then collect the assets and inventory the items that need to be recorded. This list of assets needs to be filed within 60 days of the administration notice.
If the decedent left any debts, the personal representative is responsible for paying them before dividing the estate to the named beneficiaries. Assets and properties might have to be sold to pay off debts, taxes, and other outstanding fines. The final step of the administration process is dividing the estate according to the decedent’s will. If a person dies without a will, the probate court in the county in which the decedent resided will appoint a personal representative to settle the estate and oversee the distribution of the estate according to state laws.
With over four decades of experience in this field, I have the ability to help you and your family navigate each step of the estate administration process. I will inform you of the different forms of probate, which ones your estate qualifies for, and the advantages, disadvantages, and expected costs of each. In addition, I can help you understand the rights state law provides to surviving spouses and how to protect the deceased’s spouse and dependents. Whatever the specifics of your situation may be, rest assured that I will listen carefully to your goals and concerns and work hard to secure you a successful outcome. If you’re looking for compassionate and principled legal services, reach out to Susan E. Durre today to learn more.