What is summary administration in Florida probate?
What is summary administration in Florida probate?
Summary Administration in Florida is a simplified probate process used to provide efficiency in small estates and when the person has been dead for over two years and all creditors of the deceased are barred.
Who can file summary administration in Florida probate court?
(1) A petition for summary administration may be filed by any beneficiary or person nominated as personal representative in the decedent’s will offered for probate.
What qualifies for Summary administration in Florida?
Requirements for filing for summary probate in Florida To qualify for a summary probate, the value of the estate’ nonexempt assets must be less than $75,000 and/or if someone has been dead for more than two years. Some assets pass to others automatically without the need for probate.
Is an attorney required for Summary administration in Florida?
Summary administration is a shortened form of Florida probate that does not require the appointment of a Florida personal representative. The value of the entire estate subject to administration in Florida, less the value of property exempt from the claims of creditors, must not exceed $75,000.
How long does a summary administration take in Florida?
Once you have everyone’s consent, once the summary petition to the court is submitted, the order of summary administration generally takes about 2-3 weeks (depending upon the county) to get back from the court. The order of summary administration will give the heirs access to the assets subject to the court order.
When would a summary administration process be used?
An estate is eligible for summary administration if the total value of the decedent’s assets that are subject to probate is $75,000 or less, or if they have been dead for more than two years from the date of filing. Just because the estate is eligible for this does not necessarily mean it is the best choice.
How much does it cost to file summary administration in Florida?
Fees typically start at $2,500 for Summary Administration. The other probate option is called Formal Administration. This proceeding must be used if the decedent’s estate does not qualify for summary administration. Florida law sets forth a presumptive statutory fee schedule for probate attorney fees.
How much does summary administration cost in Florida?
How much does it cost to file a summary administration in Florida?
Initial Filing Fees
| Filing Type | Cost |
|---|---|
| Petition to open safe/deposit box | $231 |
| Summary administration – estates valued at less than $1,000 | $235 |
| Summary administration – estates valued at $1,000 or more | $345 |
| Trust administration | $400 |
What is summary administration order?
An estate is eligible for summary administration if the total value of the decedent’s assets that are subject to probate is $75,000 or less, or if they have been dead for more than two years from the date of filing. This process may go faster than formal administration. No personal representative is appointed.
