Probate Lawyer in Margate
Margate, Florida is a municipality in Broward County. Since 2010 census, 53,284 people resided there. Margate is part of the Miami urban region. It was established in the 50s, when most of it was still a part of the Everglades or farmland. It then turned into a town in 1955, when land expansion became well-known because of an arrival of people relocating to Margate. It was formally integrated as a city in 1961. The city’s name is a combination of the first three letters of the last name of the founder, Jack Marqusee, and the first four letters of gateway, because it was regarded as a “gateway” to western Broward County.
More Obligations of a Personal Representative
The court will normally follow the deceased person’s instruction if he or she chose who is to act as his or her personal representative in his or her Will. If the individual is busy or indisposed to act, however, or if the deceased person did not select a personal representative in his or her Will, the court will normally delegate the deceased person’s close relative to act as such. The personal representative is recompensed financially for his or her services in this regard.
The personal representative is legally responsible to manage the deceased person’s estate according to Florida law. Among other things, the personal representative is liable for the following:
- Identifying, gathering, valuing, and safeguarding the deceased person’s “probate assets,” which alludes to all real and personal property that does not pass legally to another individual/body when the deceased person dies. An example of non-probate property is where the deceased person jointly held with survivorship right a bank account or real estate tract with another individual, so that when the deceased person dies, its ownership automatically handed over to the living joint owner.
- Officially serving the deceased person’s recognized creditors with a Notice to Creditors and print the Notice to Creditors in a local newspaper to inform and order possible claimants to file their claims against the estate in the way suggested by Florida law, or else lose the satisfaction right
- Serving a Notice of Administration those people who might oppose the administration of the deceased person’s estate, encouraging such persons to dispute the administration according to Florida law, or else lose his or her right to do so
- Objecting to inappropriate claims made against the deceased person’s estate and support any lawsuits brought on such claims
- Filing the deceased person’s tax returns for the present year and for every additional period throughout the deceased person’s life the he or she failed to file his or her own taxes
- Employing specialists; for example, lawyer, accountant, appraiser, investment advisor, and so on, whose services are needed to appropriately manage the deceased person’s estate, and pay his or her fees and other costs, for which he or she is permitted reimbursement
- Paying the legal amounts because of the deceased person’s living spouse or family; for example, the deceased person might not totally disinherit his or her spouse, no exceptions, and issue the deceased person’s probate assets to his or her heirs or selected beneficiaries as suggested in his or her Will or by Florida law