Probate requirements can create significant challenges, and in many cases, long delays if such requirements are not fully understood early on in the process, and preferably at the listing stage. If one knows that they are dealing with a residence that was owned by someone who has since passed, do not simply assume that the person with whom you are dealing actually has the legal authority to enter into listing agreements, execute contracts, or convey good title at closing. In many cases they do not, and in most of those cases, they don't even realize that they do not have such authority. This is because one of the biggest mistakes that people make is not properly probating property upon the passing of a property owner. This issue is most prevalent when dealing with residents of other states. When a resident of a state other than Florida dies owning real estate in Florida, a little known fact is that a probate must be completed not only in the state where they passed, but also in Florida. This is what is called an Ancillary Probate Administration, and is legally required in order to pass good title. Many people initiate probate proceedings in their home states, but forget to do so in Florida as well. Florida Statute §734.102 provides that an ancillary probate (i.e. probate in Florida as well) will be required if a non-resident dies leaving assets in Florida. A probate is in essence a legal process by which a judge determines who the lawful owner of property is, and thus who is the proper party (or parties) to sell it. Sometimes this task is easy, and sometimes it is not. But it is not avoidable if the decedent did not take steps during their lifetime to avoid probate, such as placing the property in a trust. Florida's Ancillary Probate Administration process can take some time to resolve as it is a court proceeding and can result in significant and frustrating closing delays if it is not properly and timely performed. With that being said, delays and frustration can usually be avoided if you consult with an experienced real estate attorney when listing property of a recently deceased party in order to assess early on in the process if an ancillary probate is required. Do not rely upon the well intentioned, but often times incorrect legal conclusion of the heirs. As always, should you have any questions regarding any of the foregoing, please consult with your local real estate attorney.
This communication is not intended to establish an attorney client relationship, and to the extent anything contained herein could be construed as legal advice or guidance, you are strongly encouraged to consult with your own attorney before relying upon any information contained herein.
Author:Kathy Toonder Phone: 941-544-7270 Dated: July 11th 2014 Views: 1,532 About Kathy: I enjoy walking the warm sandy beaches, swimming and watching the magnificent sunsets on Florida’s...
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I enjoy walking the warm sandy beaches, swimming and watching the magnificent sunsets on Florida’s Gulf Coast. Thirty years ago I came from Michigan to the Sarasota area to enjoy the beaches of the Sunshine State. The “Beach Communities” Longboat Key, Lido Key, Siesta Key and Casey Key are what draw everyone to make Sarasota their home!
Sarasota the “Cultural Capital” of Florida attracts homeowners that want more than just a beach experience. Sarasota and Manatee communities with the growth of new housing maintain their elegant but laid back style. It is a great place to make it your home to be able to enjoy lush natural environment and the amenities of a modern city.
I became a home owne r in Lakewood Ranch an award winning 17,500 acre site that provides a beautiful master planned, maintained and golf community. Get the picture: blue waters, white sand, plenty of sun, blue skies, fabulous food, casual outdoor dining, amazing fishing, play golf, boat races, music and art festivals….
My focus is to best understand the goals and visions of my clients, ensuring all decisions are made with a wealth of information and the necessary tools for a successful, rewarding experience.
I have found my “Slice of Heaven” I look forward to you finding yours!
Alt: Consider these 7 family-friendly activities you should try in Sar
"Kathy was everything we wanted and needed in an agent as 1st time home buyers. She went above and beyond to ensure that we had everything explained to us, because we did have a lot of questions. An amazing agent and better person! -Megan & Justin"