Undo And Redo In Legal Florida Small Estates Forms For Free

In Florida, there is no small estate affidavit but Summary Administration can be used instead. Speed and cost savings are the attractions of Summary Administration. Rather than taking months or years as probate can, summary administration can accomplish a transfer of assets almost immediately after someone's death.

The process begins with the filing of an Affidavit of Small Estate by a person who is entitled to inherit the deceased person's assets. This person, known as the ?affiant,? must swear under oath that they are the rightful heir of the deceased person's estate and that the estate is valued at less than $75,000.

735.201 Summary administration; nature of proceedings. ?Summary administration may be had in the administration of either a resident or nonresident decedent's estate, when it appears: (1) In a testate estate, that the decedent's will does not direct administration as required by chapter 733.

Closing the Florida Probate The Florida probate estate can be closed as soon as the time has expired for creditors to submit claims, all valid creditor claims and expenses of administration have been paid, all tax returns have been filed and taxes have been paid, and all assets are ready for distribution.

Estate Planning Strategies for Avoiding Probate in FL Send gifts for heirs before death. If you have a spouse, have joint ownership of assets. Create a pay-on-death bank account. Set up a revocable trust.

A proper Petition for Discharge must include a plan of distribution. As provided by Florida Probate Rule 5400 (b)(5), the personal representative must include a statement in the Petition ?showing a plan of distribution which shall include: A schedule of all prior distributions.