Do you own property outside of Florida? If so, your estate plan needs special attention to avoid ancillary probate—a separate probate process in another state.
Why This Matters
Even if you live and die in Florida, property located in another state (such as a cabin in North Carolina or a condo in Chicago) must go through probate in that state unless properly titled.
Solutions
- Revocable Living Trust: Transferring out-of-state property into your trust avoids probate in both Florida and the other state.
- Limited Liability Company (LLC): In some cases, placing the property in an LLC can simplify transfers.
- Joint ownership or Transfer-on-Death Deeds: May work in some states, but not all recognize these tools.
Plan Ahead
Failing to plan means your heirs may face unexpected legal processes in multiple states.
We can help you ensure your estate plan works seamlessly across state lines. Contact Bart Scovill, PLC today at 941-365-2253 or visit Scovills.com.
