How much does it cost to go through the probate process in Florida?

What assets need to go through the probate process in Florida?

The Florida Estate Administration Group offers flat fees for probate services, ranging between $1,500 and $5,000. Court costs for probate cases generally range between $350 and $700. These amounts can vary depending on the size and complexity of the estate, what kind of estate administration is needed, and depending on whether the case will be contested. Some legal firms charge for probate services by the hour, meaning that the longer they take to handle your case, the more that they get paid.

Most law firms charges flat fees for their probate services in Florida, which can range from $1,500 to $5,000. The court costs associated with probate cases typically fall between $350 and $700. These figures may vary according to the estate’s size and complexity, the type of estate administration required, and whether or not the case is disputed. Certain legal firms may opt to bill their probate services on an hourly basis, meaning that the longer the case takes to resolve, the higher the fee.

Any asset owned by the deceased individual that is in their name at the time of death must go through probate in Florida, with a few exceptions. For instance, life insurance funds that are directly paid to the beneficiary specified in the insurance policy do not go through probate. However, if there is no designated beneficiary, the life insurance proceeds are paid to the estate and must go through probate. Similarly, if an IRA or retirement plan names a beneficiary, it goes directly to the beneficiary and avoids probate. But if there is no beneficiary named, it must go through probate. Homestead property is another asset that bypasses probate in Florida. Homestead refers to the main residence owned and occupied by the deceased in Florida. It has specific requirements and can be quite complex, but the key point to remember is that Florida homestead property does not go through probate.