Understanding Probate Law in Florida (1) - PowerPoint PPT Presentation

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Understanding Probate Law in Florida (1)

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In Florida, probate is a court process which addresses several issues regarding the finances and tangible assets of a person after they have died.If you have questions about your estate,contact the probate attorney west palm beach at Doane & Doane, P.A. – PowerPoint PPT presentation

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Title: Understanding Probate Law in Florida (1)


1
Understanding Probate Law in Florida
  • Doane Doane, P.A.

www.doaneanddoane.com
2
  • In Florida, probate is a court process which
    addresses several issues regarding the finances
    and tangible assets of a person after they have
    died. The issues addressed include the
    following
  • Identifying the assets of the deceased
  • Paying the debts of the deceased as well as
  • Distributing the remaining assets to a deceased
    persons beneficiaries.

www.doaneanddoane.com
3
Steps Needed When Someone Dies with a Will
  • First, one must make sure the deceased persons
    will is valid. Ascertaining that the will fully
    complies with the law and that the decedent was
    mentally competent when signing the will is of
    major importance.
  • Second, the attorneys at Doane Doane will help
    to identify and inventory the assets of the
    deceased. Once those processes are accomplished,
    then a valuation of the assets must take place
  • Understanding the value of the jewelry, art,
    properties owned, and general household goods is
    essential when probating a will.

www.doaneanddoane.com
4
  • Once the value of the estate has been determined,
    an assessment of the decedents debts and
    potential taxes owed must be prepared. Property
    not jointly owned or the subject of a trust can
    be used to pay the decedents debts. Once the
    debts are paid, the balance of the property is
    distributed to the heirs.
  • Distributing property, as directed by the will,
    may be simple or complex, depending on the
    circumstances.

www.doaneanddoane.com
5
Do You Have Questions About Your Estate?
  • If you have questions about your estate or if you
    are curious about the best approach for you and
    your family, contact the probate attorneys at
    Doane Doane, P.A. Our mission is to provide
    comprehensive estate planning to individuals,
    families, and businesses. At Doane Doane, we
    are passionate about our work.

www.doaneanddoane.com
6
Contact usDoane Doane, P.A.
  • Address
  • 2000 PGA Blvd Suite 4410
  • North Palm Beach, Florida 33408
  • Phone 561-656-0200
  • Fax 561-622-0336
  • Website www.doaneanddoane.com

www.doaneanddoane.com
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