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Trust & Estate Quick Tip #14 – Florida Probate: Summary vs. Formal Administration
www.estateandprobatelawyer.com / 954-580-3690
Probate is the legal process of settling the estate of a deceased person and distributing the decedent’s probate property to the rightful heirs.
These are the key differences between a summary administration and a formal administration.
1. Summary Administration is a shortened form of probate. It can be used if the decedent died more than two years prior to the filing date of the probate or if the total value of their property is less than $75,000. Summary administration will typically take less time and involve fewer costs than formal administration.
2. Formal Administration is when the decedent’s assets exceed $75,000 and the probate is being done within 2 years of the person’s death. In general, formal administration is a long process and will also cost more.
To schedule a probate consultation, please call our office at 954-580-3690 or send an email to Info@EstateandProbateLawyer.com.
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