Legal Question in Wills and Trusts in Florida
small estate -- what options other than disposition w/o administration
intro/info:
father passed away 2 weeks ago, mother and his wife of 53 years still living. original-attorney prepared will, official death cetificate, tax affidavit, etc, all filed with the court thru a no-frills estate lawyer for minimal price ($250).
originally thought no need for probate as all assets were ''believed'' to be in both names.
later find out he had a bank CD and a personal loan in his name only (no beneficiaries) with one securring the other.
questions:
what options exist to cash cd, pay off loan and recoup approximately $1000 delta?
do we now need to go through probate?
what happens if we just let cd mature in 2+ years? then probate?
1 Answer from Attorneys
Re: small estate -- what options other than disposition w/o administration
The bank will probably require the personal representative mentioned in the will to probate the will and be officially appointed by the court. Speak with them first.
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