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The legal process of transferring of property upon a
person's death is known as "probate." Although probate
customs and laws have changed over time, the purpose has
remained much the same: people formalize their intentions as
to the transfer of their property at the time of their death
(typically in a will), their property is collected, certain
debts are paid from the estate, and the property is
distributed.
The probate process may be contested or uncontested. Most
contested issues generally arise in the probate process
because a disgruntled heir is seeking a larger share of the
decedent's property than that he or she actually received.
Arguments often raised include: the decedent may have been
improperly influenced in making gifts, the decedent did not
know what they were doing (insufficient mental capacity) at
the time the will was executed, and the decedent did not
follow the necessary legal formalities in drafting his or
her will. The majority of probated estates, however, are
uncontested.
The basic process of probating an estate
includes:
- Collecting all probate property of the decedent;
- Paying all debts, claims and taxes owed by the
estate;
- Collecting all rights to income, dividends, etc.;
- Settling any disputes; and
- Distributing or transferring the remaining property
to the heirs.
Usually, the decedent names a person (executor) to take
over the management of his or her affairs upon death. If the
decedent fails to name an executor, the court will appoint a
personal representative, or administrator, to settle the
estate. The administrator will fulfill many of the same
duties listed above.
Typically, people may leave property to any person they
wish, and may make such designations in their will. However,
in certain situations, depending on the relationship to the
decedent and the laws of the state, the decedent's wishes
may have to be overridden by the court. For example, in most
states, a spouse is entitled to a certain amount of
property. Furthermore, creditors may have a claim on the
property of the estate. Each jurisdiction usually prescribes
how long an estate must be open to give creditors an
adequate time frame in which to present claims to the
estate. The more complex and sizable the estate, the longer
and more time-consuming this process can be.
Why Do I Need a Will?
A will is simply a formal way of setting forth your
wishes regarding how you would like your property
distributed upon your death. You should consider a will
whether you are single, married, have minor children, or own
even a small amount of personal assets or property. In fact,
every adult should have a will or other means to control the
disposition of their assets. If you have not formalized your
intentions, your estate may meet with unnecessary and costly
litigation, adding to the grief experienced by your
survivors. Avoiding the financial and emotional turmoil of
will contests and other legal wrangling starts with choosing
an experienced estate planning attorney from The Noble Law
Firm.
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The Noble Law Firm is located at 4400 North Corporate
Parkway in Palm Beach Gardens, Florida 33410. We represent
our clients before Federal and State Courts in Miami, Fort
Lauderdale, West Palm Beach, Stuart, Martin County, Port St.
Lucie, Vero Beach, Jacksonville, Tampa, Orlando,
Tallahassee.
The hiring of a lawyer is an important decision that should
not be based solely upon advertisements. Before you decide,
ask us to send you free written information about our
qualifications and experience. This web site is designed for
general information only. The information presented at this
site should not be construed to be formal legal advice nor
the formation of a lawyer/client relationship.
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