Probate Formal Administration
Navigating Formal Administration
Your Guiding Partners at Perez-Roura Law
The probate process can be a complex and emotionally taxing journey. At Perez-Roura Law, our team brings clarity and ease to the probate process through expert Probate guidance. We stand with families and business owners as they honor their loved ones' legacies, ensuring that the formalities of probate are handled with care, professionalism, and a personal touch.
Probate Formal Administration is the standard court-supervised process to authenticate a deceased person's will, assess assets, pay debts, and distribute the remaining estate to rightful heirs. If the deceased person did not have a will, then the process proceeds under the “Intestate Statute” meaning the law will determine who in the family receives the assets. On average, this process takes around 6 - 10 months depending on whether everyone is working together, the amount of assets, and the number of creditors that make claims.
Streamlining the Probate Process for a Family Business
Highlighted Case Study
The family’s name and industry were changed to protect their privacy
The Rodriguez family faced the complex probate of their patriarch's estate, including multiple properties and a large business which he ran with a partner. Perez-Roura Law meticulously managed the Formal Administration, which included closing a Buy-Sell Agreement between the patriarch and his business partner. Our work ensured compliance with all legal requirements while also honoring the family's desire for a swift and fair resolution. The result was a process that honored their father's legacy without additional stress on the family.
Frequently Asked Questions (FAQs)
Q: What exactly is Probate Formal Administration?
A: Probate Formal Administration is the court-supervised process of managing and distributing a deceased person’s estate. It involves validating the will, inventorying the estate, paying debts and taxes, and distributing the remaining assets to beneficiaries.
Q: How long does Formal Administration take?
A: The duration can vary greatly depending on the complexity of the estate, but it typically takes six to ten months. At Perez-Roura Law, we work diligently to expedite the process while ensuring accuracy and compliance with all legal requirements.
Q: What is the role of a probate attorney in Formal Administration?
A: A probate attorney guides the personal representative through the entire process, offering legal advice, preparing and filing necessary documents, managing creditors, and resolving any disputes that may arise, thus ensuring a smooth administration. At times, the probate attorney will represent a beneficiary of the estate to ensure the beneficiary’s rights are protected and that he or she receives their full share of the estate.
"Pedro and his team did a great job with my estate case. They were very professional and always answered any questions I had. Would recommend to anyone in need of an estate team."
Take the Next Step
If you're facing the responsibilities of probate, allow the experienced attorneys at Perez-Roura Law to navigate the Formal Administration process on your behalf. We offer comprehensive support to ease the burden during this difficult time. For expert assistance, contact us at (305) 359-3888 or reach out through our online contact form.