Summary
In Florida, assets with designated beneficiaries, such as coin collections, are non-probate assets and do not count towards the $75,000 limit for summary probate. However, remaining assets specified in a will are considered probate assets and do count towards this limit. The probate process involves filing a petition, appointing a personal representative, notifying creditors, inventorying assets, paying debts and taxes, and distributing remaining assets. Immediate steps after a death include securing property, obtaining death certificates, notifying agencies, and locating the will. To find a landman for a fractional mineral interest in Texas, contact the American Association of Professional Landmen or local associations like the North Houston Association of Professional Landmen.Full Conversation
Do "remaining assets" with a designated beneficiary not count as well ?
In Florida, assets with a designated beneficiary typically do not count towards the $*,* limit for summary probate, as they are considered non-probate assets. This includes things like life insurance policies, retirement accounts, and bank accounts with payable-on-death (POD) designations. Do you have a specific type of asset in mind?
"remaining assets" are stated in the will to a beneficiary
In Florida, "remaining assets" stated in the will to a beneficiary are considered probate assets and do count towards the $*,* limit for summary probate. Wills typically govern probate assets, which need to go through the probate process.
Do you need more information on how probate works in Florida?
Sure, explain the process step by step in detail
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Here's a step-by-step overview of the probate process in Florida:
*. Filing the Petition: The process begins with filing a petition for probate in the court where the deceased resided.
*. Appointment of Personal Representative: The court appoints a personal representative (executor) to manage the estate.
*. Notice to Creditors: The personal representative must notify creditors of the estate, allowing them to make claims.
*. Inventory and Appraisal: The personal representative must inventory and appraise all probate assets.
*. Payment of Debts and Taxes: The estate's debts and taxes are paid from the estate.
*. Distribution of Remaining Assets: After debts and taxes are paid, the remaining assets are distributed according to the will or state law if there is no will.
Would you like more details on any specific step?
What are the steps before probate, right after the person dies.
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Before probate begins, there are a few immediate steps to take after someone dies:
*. Secure the Property: Ensure the deceased's property is safe and secure.
*. Obtain Death Certificates: You'll need multiple copies of the death certificate.
*. Notify Agencies and Institutions: Inform banks, insurance companies, and Social Security Administration.
*. Locate the Will: Find the will and any other important documents.
Would you like more details on any specific step?
What does the person do that discovers the death
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If you discover a death, here are the immediate steps to take:
*. Contact Authorities: Call * to report the death.
*. Notify Family Members: Inform close family and friends.
*. Secure the Property: Ensure the deceased's home and belongings are safe.
*. Arrange for Funeral Services: Contact a funeral home to handle arrangements.
Would you like more detailed information on any of these steps?
yes, all steps
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Sure, here are the detailed steps for each action:
*. Contact Authorities:
- Call * to report the death.
- Wait for the authorities (police/medical examiner) to arrive and confirm the death.
*. Notify Family Members:
- Call close family members and friends to inform them of the death.
- Consider designating a point person to help with notifications.
*. Secure the Property:
- Lock the deceased's home and secure valuables.
- Inform neighbors or a trusted friend to keep an eye on the property.
*. Arrange for Funeral Services:
- Contact a funeral home to make arrangements.
- Gather necessary documents like the death certificate and the deceased's personal identification.
Feel free to ask if you need more information!
how to find the landman for a fractional mineral interest in texas
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To find a landman for a fractional mineral interest in Texas, you can:
- Contact the American Association of Professional Landmen (AAPL).
- Reach out to local landman associations in Texas.
- Consult with an oil and gas attorney in Texas for recommendations.
Do you need assistance with anything else?
give an example of landman association in texas
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Here is an example of a landman association in Texas:
- Name: North Houston Association of Professional Landmen (NHAPL)
- Website: [NHAPL](https://nhapl.org)
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