I'm Attorney Amber Jade F. Johnson and you need to know what is probate and how much does it cost. Probate is the County Court process for transferring assets from a deceased person to their living beneficiaries and it is done by court order.
In Florida, the cost of probate runs about six percent. That is a good rule of thumb. It's three percent fees and cost and it's three percent for a personal representative's fee, together it's about six percent.
Now, Florida is one of the high dollar probate States, in other words, it cost a lot of money to settle your estate in Florida after you pass away.
When we have clients who have assets that will create a very high costly probate, then we encourage them to use a revocable trust as their main estate planning document instead of using a last will and testament. When you use a revocable trust, you're naming a trustee after your date of death and you are giving them the authority ahead of time to transfer those assets without a court order.
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