Probate is the court-supervised administration of a decedent's estate. It is a process created by state law to transfer assets from the decedent's name to his or her beneficiaries. A personal representative is appointed to handle the estate administration. The probate process ensures that creditors, taxes and expenses are paid before distribution of the estate to the beneficiaries. The personal representative is accountable to the court as well as the estate beneficiaries for his or her actions during the administration. For probate estates having less than $75,000 of non-exempt assets, Florida law provides a simplified probate procedure, known as summary administration.
A
Guardian is an
individual or institution such as a bank trust
department appointed by the court to care for an
incapacitated person or assets. Any adult may
file with the court a petition to determine
another person's incapacity setting forth the
factual information upon which they base their
belief that the person is incapacitated. The
court then appoints a committee of two (2)
professionals, usually physicians, and a lay
person to examine the person and report its
findings to the court. The court also appoints
an attorney to represent the person alleged to
be incapacitated. If the examining committee
concludes that the alleged incapacitated person
is not incapacitated in any way, the court will
dismiss the petition. If the examining committee
finds the person to be incapable of exercising
certain rights, however, the court schedules a
hearing to determine whether the person is
totally or partially incapacitated. A guardian
is usually appointed at the end of the
incapacity hearing.
is the court-supervised administration of a
decedent's estate. It is a process created by
state law to transfer assets from the decedent's
name to his or her beneficiaries. A personal
representative is appointed to handle the estate
administration. The probate process ensures that
creditors, taxes and expenses are paid before
distribution of the estate to the beneficiaries.
The personal representative is accountable to
the court as well as the estate beneficiaries
for his or her actions during the
administration. For probate estates having less
than $75,000 of non-exempt assets, Florida law
provides a simplified probate procedure, known
as summary administration.