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WORKING WITH PROBATE
IS FLORIDA A Uniform Probate Code (UPC) STATE Yes Florida is one of the only sixteen states: Alaska, Arizona, Colorado, Florida, Hawaii, Idaho, Maine, Michigan, Minnesota, Montana, Nebraska, New Mexico, North Dakota, South Carolina, South Dakota, and Utah.
Probate is the court-supervised process of gathering a deceased person's assets and distributing them to creditors and inheritors. As an executor, your probate process will depend on whether your state has adopted the Uniform Probate Code (UPC), which is a set of probate laws written by a group of national experts. The UPC's goal is to make the probate process simpler, especially for small estates, and to give executors more flexibility in how they proceed.
ESTATE MUST BE CLOSED BEFORE YOU CAN DISTRIBUTE REMAINING PROPERTY
When the creditor's claim period has passed, you've paid debts and filed all necessary tax returns, and any disputes have been settled, you're ready to distribute all remaining property to the beneficiaries. You'll need to:
HOW TO CLOSE OUT A PROBATE
You will need to Mail a notice to heirs and beneficiaries that the final hearing is coming up. (This must be done a certain period of time before the hearing; the court will have a rule.)
You must File proof that you mailed the notice as required.
It's time to Get the court's permission to distribute property.
Time to Transfer assets to the new owners and get receipts.
Once you distribute assets and all matters are concluded, file receipts and ask the court to release you from your duties.
DON'T FOR GET TO:
LAST : After you have distributed the property, you can close the estate informally by preparing and filing a "final accounting" with the court. Finally, you'll file a "closing statement," stating that you have paid all debts and taxes, distributed the property, and submitted the final accounting.
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