It is estimated that over 100 billion people have died over the course of human history. Ironically, death is a consistent and necessary part of life. The health and economic concerns of overpopulation in a world with 7.6 billion people are eased by death.
Understanding the causes of death can help health authorities to determine their focus for public health decisions. These actions can make populations healthier and slow mortality. However, it is the consistency of death that profoundly impacts almost every aspect of our lives.
Approximately 55%of American adults do not have a will or other estate plan in place at time of death – Lexis Nexis
Even though we know that death is an eventuality some families are not prepared for the loss. Emotionally or financially! 6,500 baby boomers die each day. 65% of them own at least one residential property. These deaths and the normal mortality rate, greatly affects the available number as well as location of properties across Florida.
Through inheritance, these new home owners are motivated to sell because of necessity as well as the anticipated and unsuspected economic windfall. Probate is the legal process that identifies, catalog and appraises the financial affairs of a decedent. In most cases, every estate in Florida must pass through probate before sale. This procedure can be complex and should be handled by an attorney.
Probate can be expensive and could reach between 3 to 7 percent of the estate’s value before taxes, debts and other expenses. As well, probate can take a long time — anywhere from a few months to more than a year. Some attorneys can’t dedicate the time needed for probate as they offer too many services to the public. Our attorneys are dedicated and can get your home out of probate so the home can be sold faster.
Death is the destination we all share. No one has ever escaped it. And that is as it should be, because death is very likely the single best invention of Life. It is Life’s change agent. It clears out the old to make way for the new. – Steve Jobs
Homestead & Probate
One of the many advantages of purchasing property in Florida is our very favorable homestead exemption laws. In death, homestead is not part of your probate estate and even after you are deceased none of your creditors can take your homestead away from your surviving spouse or heirs.
Secondly, there is no dollar limitation on the cost of your home. You can protect your investment in equity in your homestead, regardless of how much it costs, and regardless of how much money you invested into the repairs and upgrades.
There is no waiting time to qualify for homestead. Your qualification is immediate at purchase.
If you are interested in helping probate clients list their homes through the 7D Lead generation program please call Keith Jackson at 321.662.0422 or KJ@EurekaFlorida.com.