Sherri M. Stinson, P.A.

In Florida, estates with non-exempt assets valued at $75,000 or more for a decedent that has passed away in the last two years will typically go through formal probate. Smaller estates or those owned by decedents who have passed away more than two years ago may qualify for summary administration, a less involved process.

Comprehensive estate plans generally include essential estate planning documents like a will, trust, power of attorney, and advance directive. Ultimately, the documents included in your estate plan will be unique to your personal and financial needs.

The cost of creating an estate plan can vary depending on the complexity of your assets and your specific needs. It’s best to consult with an estate planning attorney who can provide an estimate based on your circumstances.

Whether you need a will or a trust depends on your individual circumstances and goals. A will is necessary to outline your wishes regarding asset distribution, while a trust offers additional benefits such as avoiding probate and providing privacy. However, In most cases, having both a will and a trust is ideal.

While it is not legally required to hire an estate attorney in Florida, having professional guidance is highly recommended. An experienced estate attorney can help you make informed decisions, and ensure that your estate plan is properly structured to meet your goals and comply with Florida laws.