Did you know that probate court is not always required in Florida if you take the proper precautions? This blog post outlines the four ways to avoid probate court in Florida, including beneficiary accounts, lady bird deeds, living trusts, and joint ownership.
Probate is tricky and can be a costly process. But with these tips, you can avoid probate court in Florida and save thousands of dollars. If you have anything valuable, it’s important to make sure the estate planning process is handled properly so that your family doesn’t end up losing any money.
How to Avoid Probate Court in Florida
One way to avoid probate court in Florida is to set up a beneficiary account. This account includes a will, a trust, and any other assets that are not designated in the living trust. If you want to protect your estate from probate courts and ensure that your assets go to the people you intend to, then setting up a beneficiary account is for you.
Lady Bird Deeds
Lady Bird Deeds is a new name for nonprofit corporations that can avoid probate court in Florida. With this name, you will be able to create an irrevocable trust for the purpose of avoiding probate court. This will help stop the lengthy, expensive, and often complicated process of probating a will.
One of the most important assets a person can have is a living trust. A living trust is a legal document that keeps a person’s assets, property, and possessions out of their estate to avoid probate court proceedings in Florida. The biggest benefit of having a living trust is that they allow individuals to control where their assets go after they pass away.
Probate court is necessary when a person dies without leaving a will. Some people prefer to avoid probate court by making joint ownership arrangements with their loved ones in their wills. These arrangements can include naming joint heirs and designating shares of property or assets to the surviving joint owners.
Not sure how to avoid probate court in Florida? Consult an expert attorney.
If you are wondering how to avoid probate court, you are not alone. At Casal & Moreno, we have helped many clients set up their estate plans in a way that helps them stay out of the courtroom so their beneficiaries can get what they need faster.
Ready to get started? Let us help you find the solution that is right for you. Contact our office today so we can set up a consultation.