QUESTIONS? CALL: +1 (727) 847-2288
  • Meet our Staff
  • Attorney Profiles
  • Schedule an Appointment
  • Download Forms
  • Client Pay

Law Office of Roland D. Waller - Probate and Real Estate Attorney - New Port Richey, Florida

Law Office of Roland D. Waller - Probate and Real Estate Attorney - New Port Richey, Florida

Our firm takes a genuine interest in our clients, understands their objectives and meets or exceeds their expectations in a timely manner. We strive to provide superior legal services and maintain the highest standards of professional integrity.

T (727) 847-2288
Email: contactus@rdwaller.com

Law Office of Roland D. Waller
5332 Main Street
New Port Richey, Florida 34652

Open in Google Maps
  • Real Estate
    • Title Insurance
    • Contract to Closing
    • Contract Preparation & Review
    • Deeds
    • Buyer Representation
    • Seller Representation
    • Loan Modification Agreements
    • Mobile Home Title Transfers
    • Vacation of Easements
    • Rezoning
    • Mortgage & Note Preparation
    • Leases with Option to Purchase
    • Leases – Residential & Commercial
  • Probate
    • Trust Administration
    • Estate Administration
  • Estate Planning
    • Avoiding Probate
    • Medicaid Planning
    • Designated Health Care Surrogate
    • Durable Power of Attorney
    • Trusts
    • Wills
    • Healthcare Surrogate
  • Litigation
    • Condemnation
    • Boundary Dispute
    • Partition Action
    • Suit to Quiet Title
    • Defendant
    • Plaintiff
    • Eminent Domain
    • Land Use & Zoning
    • Contract Disputes
    • Evictions / Collections
    • Loan Modification
    • Foreclosure / Foreclosure Defense
  • Corporations
    • Preparation of Corporate minutes
    • Formation of Corporation or LLC
    • Partnership Agreements
    • Corporate Contract Preparation & Review
    • Purchase of Business
    • Sale of Business
  • Videos
    • About Us
    • Estate Planning
    • Guardianship
    • LLC’s and Corporations
    • Medicaid Planning
    • Probate
    • Real Estate
    • Real Estate – Buying
    • Real Estate – Selling
    • Real Estate – Foreclosure
    • Trusts
    • Wills
  • Testimonials
Friday, 15 January 2021 / Published in Estate Planning, Probate, Videos

When Is An Estate Too Small For Probate?

Video Summary

Is an estate too small to probate? Anytime that there’s an asset in the name of the decedent, and there was no designated beneficiary. It has to go through some sort of probate proceeding. Now, the answer,  to the question is,  you don’t want to pay the lawyer or someone to handle the probate that costs more than the asset that you’re trying to have passed to a beneficiary. There are various, small estate, administrations, if the assets less than $10,000 and the funeral bill has been paid, then you may be able to proceed with the court and get a distribution without administration, without going through a formal  type of probate. If the assets exceed the $10,000. And however, they’re less than $75,000 and provision has been made to pay all the creditors. Well, in that event, you can file what they call a summary administration, which is a short version of probate and is fairly quick and is less expensive than what they call a formal administration.
If the assets exceed $75,000, or that there are creditors that no provisions has been made for, then you would go through what they call a formal administration, where you have letters of administration issued to the executor, and you give notice to creditors. You have the claims filed, you have the beneficiaries to determine, and if there’s real property involved, you have the property declared to be homestead, which may be exempt from the claims of creditors. So then if, even if it’s so small that it doesn’t make any sense to even go to a smallest state administration, after a certain amount of time, the asset may be forfeited unless it’s real estate and go to the to the state of Florida. And they have a treasure hunt after two or three years where you could possibly apply to obtain the asset. Once it’s forfeited to the state of Florida. If you have any questions about probate, give me a call at (727) 847-2288.

FEATURED VIDEOS

  • How Do I Safeguard Protect The Assets Were Left Behind?

  • What Laws Or Other Factors Are Considered When Distributing Assets Within The Trust?

  • Why Would I Need a Disposition Without Administration?

  • Who Else Has Access to The Trust?

  • Is There A Time Limit For Probate?

  • What Are My Duties As An Executor?

  • Is The Previous Power Of Attorney Still Valid?

  • How Do I Get My Deceased Parents Annuity?

RELATED VIDEOS

About Us About Waller education real estate Waller
SUGGEST A VIDEO TOPIC

SIGNUP FOR NEW VIDEO NOTIFICATIONS

Keep up to date with our videos. We will notify you of any new video added via email.

Quick Links

  • Buyer Representation
  • Contract to Closing
  • Deeds
  • Leases w/ Option to Purchase
  • Leases – Residential & Commercial
  • Loan Modification Agreements
  • Mobile Home Title Transfers
  • Mortgage & Note Preparation
  • Contract Preparation & Review
  • Rezoning
  • Estate Administration
  • Trust Administration

Our Misson

“We Care”

Signup for our Newsletter

GET IN TOUCH

Tel: +1 (727) 847-2288
Fax: +1 (727) 848-4183
Toll Free: +1 800-304-2288
Email: contactus@rdwaller.com

Law Office of Roland D. Waller
5332 Main Street
New Port Richey, Florida 34652-2509

Open in Google Maps

  • Legal Terms
  • Website User Agreement
  • Privacy Policy
  • Legal Notice
  • GET SOCIAL
Law Office of Roland D. Waller - Probate and Real Estate Attorney - New Port Richey, Florida

© COPYRIGHT 2010-2022 RDWALLER.COM

TOP