Real estate law Royal Palm Beach, FL

Understanding Probate and the Administration of Estates

We provide guidance to Wellington, Royal Palm Beach & West Palm Beach, FL residents

Probate is a court-supervised process for settling the financial affairs of a deceased person (decedent). The probate of estates can be a frustrating process, which is why many Wellington and Royal Palm Beach, FL residents turn to Kelk Phillips, P.A. for probate administration assistance.

In general, your late loved one's assets will be used to pay for...

  • Probate expenses first
  • Funeral expenses second
  • Your loved one's outstanding debts third
Finally, the remaining assets will be distributed to your loved one's beneficiaries. To learn more about Florida probate law, contact the attorneys at Kelk Phillips, P.A. in Wellington, Royal Palm Beach & West Palm Beach, FL today.

What are probate assets?

Probate administration only applies to probate assets, which are assets that were owned in the decedent's name or co-owned and not automatically transferred at death.

Examples of probate assets can include...

  • A bank account in your loved one's name only
  • Real estate titled in your loved one's name only
  • A life insurance policy payable to your loved one's estate
There are two types of probate administration under Florida law: formal and summary administration. Our attorneys can help you figure out which type of probate administration is appropriate for your situation.

Why is probate necessary?

To transfer ownership of assets from the decedent to the decedent's beneficiaries, the assets must go through probate. You must admit your loved one's valid will to probate in the court to start the process. If your loved one had no will, probate is needed to distribute your loved one's assets under Florida law.

Proper administration of estates ensures that the decedent's creditors are paid. The attorneys at Kelk Phillips, P.A. are well-equipped to handle all probate matters, including estate administration.

Contact us today to learn more about the administration of estates in Wellington, Royal Palm Beach & West Palm Beach, FL.

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