Should the estate be probated at all due to the small amount of value?
This is a discussion on Should the estate be probated at all due to the small amount of value? within the Wills, Trusts, Estates forum, part of the Other Family Law Matters category; Florida. My dad died in March of this year. He signed the title of the house over in a quiet ...
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Florida. My dad died in March of this year. He signed the title of the house over in a quiet title to one individual and disposed the rest of the estate in a Will. The estate is yet to be probated, but what I'm wondering is if the estate should be probated at all.
The house title was transferred separately via a life estate, the rest of the estate, 2 vehicles worth about a total of $8,000, and a few pieces of furniture. The remainder of the estate (besides the house) is probably worth only $10,000. There are outstanding bills that haven't been paid, maybe $500, so I'm not sure whether this estate actually has to probated at all due to the small amount of value. Does anyone know? |
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#2 |
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Top Level Member
Join Date: Dec 2009
Posts: 12,580
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I wish to inform you that as the value of estate is less then $75,000 therefore you may have Summary Administration of the estate. In this regard under summary administration a person may be made liable for debts of the deceased within two years after the death of the person.
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