PROBATE, ESTATES, AND TRUSTS
Crafting Success, One Case at a Time: Chapman Law – Your Victory, Our Focus
From estate planning and wills to trust administration and contested estates, the accomplished team at Chapman Law possesses comprehensive knowledge of probate, estate, and trust law. Whether addressing matters involving asset distribution or resolving complex inheritance disputes, we are primed to navigate the intricate legal terrain. For personalized guidance on probate, estates, and trusts in Florida, consult with our experienced legal team. We're here to help you navigate these matters with clarity and compassion.
Probate
What is Probate?
Probate is a legal process that occurs after someone passes away. It involves validating the deceased person's will, if there is one, and ensuring that their assets are distributed according to their wishes.
In Florida, probate proceedings are generally managed by the circuit court in the county where the deceased person lived. The court oversees the payment of debts and taxes and ensures a fair distribution of assets among heirs.
Estates
What is an Estate?
An estate is simply the collection of assets and liabilities that a person leaves behind when they pass away. It includes everything from property and bank accounts to personal belongings and debts.
The process of managing and distributing the assets in an estate is called estate administration. In Florida, this process is often associated with the probate proceedings mentioned in the probate tab.
Trusts
What is a Trust?
A trust is a legal arrangement where one person (the trustee) holds and manages assets for the benefit of another person (the beneficiary). This arrangement is often set up to manage and distribute assets without going through probate.
Florida law recognizes various types of trusts, and they can be valuable tools in estate planning. They allow for the efficient transfer of assets and can provide certain tax benefits. Unlike probate, trusts are generally private and can help avoid the public scrutiny associated with probate proceedings.
