Losing a loved one can be trying and difficult, but this can be made more stressful if your loved one passes away without having a will in place. When someone passes away without a will, it is called ''intestate,'' and the distribution of that individuals assets is then governed by Florida law - rather than their individual wishes.
Our experienced Tampa estate planning attorneys at MMJ Law will be on your side to navigate this process and support you and your loved ones.
Dying without a will is called ''intestate''. When this occurs, the individual's assets are distributed through a process called ''probate'' according to state law. Even if an individual does have a will in place, any part of that estate not included in the will goes through probate.
Probate is a legal process for distributing assets and paying off debts that are overseen by a court. Typically, a personal representative is appointed to administer the assets - similar to how a will would operate. Before any assets are distributed, the personal representative must first pay off debts and taxes owed by the deceased. Any assets left over after paying for those items will be doled out to surviving loved ones.
Florida state probate law creates an order in which loved ones will receive the assets of the estate:
There are specific exceptions for certain properties under Florida's intestate laws, which pass in a different manner than those described above. For example, if the deceased's homestead property is titled only in their name, the surviving spouse will take what is called a life estate in the property. A homestead property is the deceased's primary residence. This means that the surviving children will only take ownership of the property upon the spouse's death. However, according to state law, the surviving spouse can also split the property 50/50 with the children.
Losing a loved one and taking on the task of handling their estate is an overwhelming thing to do - let us help. Working with a talented Florida estate planning lawyer at MMJ Law will help you understand the process. We will provide you with excellent legal advice to ensure your loved ones' assets are distributed according to the law and their wishes. Call MML Law in Florida today for help with probate or any other estate planning needs.
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