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Administration of a person's estate is essential to wrapping up their affairs. The law has specific provisions in place for estate administration under a variety of circumstances. How the estate is administered based on the presence of a trust, will, or even the absence of both will alter the process. You need a legal team that is versed in these processes and can do everything in their power to make sure administration of an estate happens swiftly and correctly.
Things become even more tricky when a will is not left behind. In these cases, administration of an estate falls down to specific statutes and rules that determine how assets are to be divided. Commonly assets are first paid to creditors, then to spouses and immediate family.
Small estates - those that are lacking in real estate or whose combined assets fall below a certain threshold, typically fall under a more simplified process. Small estates are more easily administered and are legally less complicated than larger estates. Our legal team can help you determine if an estate is considered to be a "small estate" under Florida law and what special rules and exemptions may apply in this case.
For other areas of practice dealing with estate administration and trusts, check out the links below.
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