PROBATEThe death of a loved one is an emotional and stressful time. Probate is a legal process by which a Florida court re-titles property of a deceased individual to his or her beneficiaries or heirs. This process is necessary when, for example, a deceased individual owns a bank account, stocks, or other asset solely in their name with no beneficiary listed.
The probate process also allows the personal representative (the person named by the court to act on behalf of the deceased individual’s property) to:
- gather all of the assets,
- handle all creditors,
- carry on any lawsuit on behalf of the deceased individual,
- distribute all of that person’s property, and to
- pay any taxes due from the deceased individual or from their estate.