understand how difficult it is to lose a loved one and how overwhelming
the responsibility of administering an estate or Trust may seem.
pride ourselves in handling matters at this difficult time efficiently
and with respect. From our experience, we have found that clients
appreciate a frank and open discussion and understanding of the
services that we will perform and the basis upon which they will be
expected to pay for these services. Generally, we are able to quote our
fee up front so there are no surprises.
We can assist you
with probates and Trust administrations throughout the State of
Florida. If you live outside of Florida but had a loved one who died as
a Florida resident or owning assets in the state, we can assist you,
even if you are unable to travel to Florida.
With a Master
of Laws (LL.M.) Degree in Taxation, Darryl J. Jacobs is qualified to
prepare a Federal Estate Tax Return (Form 706).
contact us regarding an administration, we will gather all the
information to determine if probate is required, and if so, what type.
Depending on the total value of assets, probate in the State of Florida
varies in length and expense. Following are the three basic types of
Formal Probate Administrations - This type
of probate is for estates with more that $75,000 in assets. The Last
Will, if any, is admitted to probate and court order called a Letter of
Administration is issued. A Notice to Creditors is published in the
newspaper beginning a ninety (90) day period for creditors claims.
Beneficiaries are served with a Notice of Administration and are
continued to be kept updated as to the status of the administration.
Probate Administration - This type of probate is allowable if the
estate is valued at less the $75,000 and the Petitioner swears that
there are no creditors or has made provisions for the payment of
creditors or if the decedent has been dead for more than two (2) years.
This type of probate is generally less expensive and less time
consuming than a Formal Probate Administration.
Probate Administration - A person may institute a small estate
administration without an attorney provided the assets of the estate
are below a certain level. Each Florida county sets the maximum estate
value for a Small Estate Administration but generally, the estate can
not exceed the amount of the paid funeral bill.