Legal Question in Wills and Trusts in Florida
unfunded property in trust in Florida
My mom died and I'm now trustee of her estate. Her small land lot (value about $45,000) is not funded in her trust. Must I probate that or can ''pour-over-will'' take care of that?
3 Answers from Attorneys
Re: unfunded property in trust in Florida
The property would fall under the pour-over will, but a will is only effective through the probate process. If the value is less than $75,000 (you stated $45,000) and she has no creditors (or she died over two years ago), it can go through a simpler probate (Summary Probate), which is much less expensive (usually less than $1,000) and quicker than the full-blown probate.
Re: unfunded property in trust in Florida
The proerty must pass under the pour over will which must be probated.
Re: unfunded property in trust in Florida
The pour over will must be probated in Florida.
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