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My parents estate is over 300,000... Is that why it has to go to probate? The estate if Florida

No property. The estate consists of Life Insurance Policies, Annuities, IRA's and Mutual Funds. There was a will clearly stating divided among the remaining children. I have the estate account and the letters of Administration. Does it still have to go to probate?

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Attorney answers (3)

Reputation Level 10
Typically, if all of the assets are beneficiary designated, probate is not necessary. This does not absolve the beneficiaries from paying taxes which may become due as a result of their taking of the property.

Reputation Level 14
It is not the size of the estate but the type of property that determines whether an estate needs to go to probate.

Reputation Level 8
In Florida, life insurance policies, annuities, IRAs and Mutual Funds that had beneficiary designations do not need to be probated.

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