Probate is the process of distributing assets after a person’s death. In Florida, this can be anything from a rather simple to an extremely complex process. Regardless of how difficult it is to administer your loved one’s Estate, Emma believes that it is her duty to make this piece of losing a loved one as painless as possible.
The general administration process begins by filing of Petition of Administration with the Probate Court. Next, beneficiaries are given notice of the proceedings, creditors are given notice to ensure bills are paid, and assets are inventoried. After the above, plus some other formalities, the assets are distributed. This can take as little as a couple of months or more than a year, depending on many factors.
The cost of the probate is directly related to how complex each particular Estate is to administer and therefore requires a consultation prior to the quote of a flat-fee price. Typically, an estate valued at under $75,000 will incur a legal fee of approximately at this firm of $2,000 plus any court filing fees and expenses. For estates valued at over $75,000, typical costs end up being approximately $3,000 to $5,000 for attorney fees. It should be noted that there is a presumptively reasonable attorney fee of 3% of the estate assets plus the attorney’s normal hourly rate for extraordinary services.
Emma Haw, The Haw Law Firm, LLC