What is probate and how much does it cost?

I'm Attorney Amber Jade F. Johnson and you need to know what is probate and how much does it cost. Probate is the County Court process for transferring assets from a deceased person to their living beneficiaries and it is done by court order. 
                    
In Florida, the cost of probate runs about six percent. That is a good rule of thumb. It's three percent fees and cost and it's three percent for a personal representative's fee, together it's about six percent. 
                    
Now, Florida is one of the high dollar probate States, in other words, it cost a lot of money to settle your estate in Florida after you pass away. 
                    
When we have clients who have assets that will create a very high costly probate, then we encourage them to use a revocable trust as their main estate planning document instead of using a last will and testament. When you use a revocable trust, you're naming a trustee after your date of death and you are giving them the authority ahead of time to transfer those assets without a court order.
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