Probate is a court-supervised process for identifying and gathering the assets of a deceased person (decedent), paying the decedent’s debts and distributing the decedent’s assets to his or her beneficiaries. If the decedent establishes what is commonly referred to as a “Revocable Trust,” Green and Kahn P.L. is available to assist the Successor Trustee administer the trust when the time comes.
Probate administration only applies to probate assets. Probate assets are those assets that the decedent owned in his or her sole name at death or that were owned by the decedent and one or more co-owners and lacked a provision for automatic succession of ownership at death.
The personal representative is the person, bank, or company appointed by the judge to be in charge of the administration of the decedent’s probate estate. In Florida, the terms “personal representative, executor, executrix, administrator and administratrix” are commonly used to identify this individual.
When an individual passes the trust will provide for a successor to assume responsibility for the trust management and distribution of assets after death. The successor trustee has many duties and responsibilities which are established in the trust document.
Probate & Trust Administration
For anyone that has had to deal with the loss of a loved one, you will know that the probate process can be a very long and frustrating endeavor. With Green and Kahn P.L. guiding you and your family we will make sure that everything is handled in the most professional and expedited manner.
Accepting the role of Successor Trustee for a loved one comes with great responsibility. We are here to assist in any way needed to make sure that you are able to navigate these challenges with a great team ready to support you. Please don’t hesitate to reach out if you have any questions or would like to setup a free consultation.