Legal Question in Wills and Trusts in Florida
Is Summary Administration needed right away
My mother died 3 weeks ago, she had a will which left her house to her sister. She had three children (one of which is a minor for 6 more months). Her only assets were a home worth approx. $60,000, and 2 cars worth $1,000. It is agreed that the house would be quit claimed back to my sisters and I so we could continue living there. There is a lien on the house and credit card debt and other debt (that we know of) totaling approx. $10,000. We were advised to do a Summary Administration because of the little amount of assets. However, we were also told my sisters and I would assume my mother's debt once a notice is published and a creditor makes a claim within 90 days. My question is do we need to do the Summary Administration at this time or is it possible to wait 2 years from the date of her death so her children will not be liable for her debt. Also, is it possible to transfer the house without probate proceedings? Please advise.
1 Answer from Attorneys
Re: Is Summary Administration needed right away
Summary administration within two years of death requires that there be no creditors. Why not wait the 2 years? Then unless the creditors file something during the 2 years, they are out of luck. Obviously the mortgage payments will have to be made in the meantime, or they will foreclose. By the way, since the decedent had a minor child, the home passed to all of her children, notwithstanding the will leaving it to her sister - that is Florida homestead law. No, there is not any way to transfer the home without some probate action.