When we reach the distribution phase of probate administration, the personal representative has typically identified and paid any valid creditor claims.
First: Set Aside Reserve Funds
Before making distributions, set aside funds for final expenses:
- IRS or other governmental taxing authorities
- Attorney fees
- Other costs necessary to close the estate
Two Primary Types of Distributions
Specific Distributions/Bequests
- Fixed dollar amounts: "I leave $10,000 to my niece"
- Specific property: "I leave my condo to my daughter"
These typically come first in the distribution process.
Residue Beneficiaries
Everything remaining after specific bequests are satisfied. If there's a will, shares are typically listed. Without a will, Florida statutes govern distribution.
Interim Distributions
Occasionally, beneficiaries may request partial distributions during lengthy estate settlements (e.g., 10% or 25% of their expected inheritance). This may be possible with attorney approval, and must be accounted for in final distributions.
If you have questions specific to your situation, please reach out to our probate team.
