The Millman Law Group can guide you through Florida probate in Lake Worth.
Florida law requires that you work with an attorney during probate. What is probate? It is a court-supervised legal process necessary for administering someone’s assets once they have died. Probate ensures that the assets are appropriately distributed among all named beneficiaries. Aaron D. Millman, Esq., CPA, created The Millman Law Group to offer critical legal services to anyone preparing to start estate planning. As experienced professionals, we always provide exceptional service to our clients navigating Florida probate in Lake Worth. We also help our clients avoid probate to save valuable time and money when possible.
When Is Florida Probate Necessary?
Florida probate in Lake Worth, FL, is crucial to administering a will. Your will includes clear instructions for the probate judge to follow regarding who is set to inherit your assets once they pass through probate.
There are multiple types of probate, but the two most common are formal and summary administration. The probate you end up using will depend on when the probate is filed, any debts of the decedent, and the value of their assets.
During probate, a personal representative (executor) is appointed to your estate. During this process, beneficiaries receive notice of the will and can raise objections. The time and money needed for probate depend on the kind of probate required. Using the right techniques makes it possible to avoid probate and enjoy a more efficient transfer of assets.
How Your Millman Lawyer Can Help You Avoid Florida Probate
When you work with a knowledgeable estate planning lawyer, they can help you meet your estate planning goals while reducing expenses. Here are a few steps you can take to avoid probate:
- Name beneficiaries for financial accounts. You might avoid probate by naming beneficiaries to retirement plans, life insurance, and bank accounts.
- Own assets under a living trust. A living trust, or living revocable trust, will act as your will since it passes along assets after death. To avoid probate, the assets must be owned by the trust. Partnering with an estate planning attorney can help you transfer assets into a trust.
- Establish the joint ownership of assets. This applies when people co-own a property. They can do this as spouses, joint tenants with rights of survivorship, or tenants by entirety. When one owner dies, the surviving owner keeps their ownership of the property without needing probate.
You may also avoid probate by ensuring that every financial account, piece of property, and asset is jointly owned. This ownership must be between another person or owned by a trust or other current beneficiary.
Benefit From the Skill of Your Experienced Lawyer
You can trust that everything will run smoothly when you work alongside The Millman Law Group during the probate process. Your lawyer goes beyond making Florida probate in Lake Worth manageable – they also help you avoid exorbitant expenses. Your attorney can help prevent challenging situations and help you navigate them if they arise. This includes situations in which a person dies without a will, and their assets are declared “intestate.”
If you want to avoid extra expenses, confusion, and family disagreements after a loved one’s passing, work with The Millman Law Group.
Contact The Millman Law Group For Assistance with Florida Probate in Lake Worth
Millman Law Group, PLLC is one of the only law firms that offers life planning in South Florida. From life care planning to the preparation of detailed estate plans, Millman Law Group has committed to serving Floridian elderly communities in Boca Raton, Palm Beach County, Ocean Ridge, Hillsboro Beach, and many other areas since 2018. Our dedicated team specializes in special needs trusts and catering to any age demographic because we know that it’s never too early to start preparing for your future. For the latest news in estate planning and elder care law, follow us on Facebook, Twitter, LinkedIn, and Pinterest. You can also contact us at 561-463-6480.