What is an ancillary probate? What is the difference between the three types of Palm Beach probate?
Are you currently probating a will outside of the State of Florida but there is a beach house in Delray Beach? Did you know that the you may need a West Palm Beach probate attorney to help you with an ancillary probate of the beach property? Why do you have to probate a New York estate in West Palm Beach? You may want to learn the basics of ancillary administration in West Palm Beach.
Why Ancillary Administration?
- Do you know what an ancillary probate is?
- If a loved one left an estate in New York City the probate court (called a surrogate court) of Manhattan is going to handle the estate including all of the assets in that State.
- Certain things though are beyond the jurisdiction of the New York probate court.
- Do you know what they are?
- Usually the biggest problem is real estate located outside of the State.
- For example if your father left a beach house in Pompano Springs then the New York court cannot touch that property.
- So what happens?
- This is where ancillary probate comes into play.
- You may need to file an ancillary probate in West Palm Beach to have that property distributed.
- Did you know this is only one of three types of probate in West Palm Beach?
- What are the other two?
Formal Probate
- This is the traditional probate you may have seen before in West Palm Beach.
- Do you know when you will need to use formal probate administration?
- If your estate is worth over 75000 this may apply to you.
- Did you know that your estate may be worth less after applying relevant exemptions?
- What exemptions apply to your West Palm Beach estate?
Summary Probate
- Use this probate when the estate has less than 75000 dollars in assets.
- You may be able to use relevant exemptions under Florida Probate law to bounce down into this lower “probate bracket” do you know how?
- You may also be able to use this when the person has been dead for several years.
- What type of probate is going to work best for you?