HOW MANY DIFFERENT TYPES OF PROCEEDINGS ARE THERE FOR ADMINISTERING AN ESTATE?
Generally, there are three basic proceedings for administering an estate. Formal Administration: Used when there are considerable assets and it is necessary to have a personal representative appointed to act on behalf of the estate. Summary Administration: Available if the value of the estate, subject to probate in the State of Florida (less property which is exempt from the claims of creditors), is not more than $75,000, or the decedent has been dead more than two years. Disposition without Administration: Available if the estate assets consist solely of exempt property and non-exempt personal property, where the combined value does not exceed the total required to pay the funeral expenses, plus all reasonable and necessary medical and hospital expenses incurred in the last 60 days.
