Business

What You Need to Know About Probate in Florida

Published

2 years ago

March 16, 2023

Dealing with the probate process can be overwhelming, especially when you are grieving the loss of a loved one. The process involves the legal distribution of the deceased’s assets, and each state has its own unique set of rules and regulations. In this article, we will break down everything you need to know about Florida probate.

What is Probate?

Probate is the legal process through which a deceased person’s estate is administered and their assets are distributed according to the individual’s will or state laws. The process generally includes identifying and inventorying the deceased’s property, paying debts and taxes, and distributing the remaining assets to heirs or beneficiaries.

Types of Probate Administration in Florida

Florida recognizes two main types of probate administration: Formal administration and Summary administration.

Formal Administration

This is the most common type of probate and is used when the value of the deceased’s assets is greater than $75,000. A personal representative, usually nominated in the will, is appointed by the court to manage the estate. The representative is responsible for collecting and managing assets, paying debts, and distributing the remaining assets to the beneficiaries.

Summary Administration

This is a faster, simpler process for smaller estates with a total value of $75,000 or less or when the deceased has been dead for more than two years. With summary administration, there is no need to appoint a personal representative, and the court directly orders the distribution of assets to the beneficiaries.

Role of the Personal Representative

The personal representative (also known as the executor or administrator) is responsible for managing the estate during the probate process. Their duties include:

Identifying, collecting, and managing the deceased’s assets
Paying debts and taxes owed by the estate
Distributing the remaining assets to the heirs or beneficiaries
Providing an accounting to the court detailing the estate’s financial transactions

The personal representative must act in the best interests of the estate and its beneficiaries and is held accountable to the court.

When Is Probate Not Required in Florida?

Probate may not be necessary in Florida under certain circumstances, including:

Assets held in joint tenancy with the right of survivorship
Payable-on-death or transfer-on-death accounts
Life insurance policies with designated beneficiaries
Assets held in a revocable living trust

These assets pass directly to the surviving co-owner or designated beneficiary, bypassing the probate process.

Florida Probate Timeline

The length of the probate process in Florida varies depending on the complexity of the estate and any disputes that may arise. However, on average, formal administration can take anywhere from six months to a year, or even longer in complex cases. Summary administration is usually quicker, often taking only a few weeks to a few months.

Costs Associated with Probate in Florida

Probate costs in Florida can include court filing fees, attorney’s fees, personal representative fees, and other expenses related to the administration of the estate. Florida’s law sets the maximum fees for personal representatives and attorneys based on the value of the estate. However, the court may approve additional fees for extraordinary services.

Business

13 Reasons Investors Are Watching Phoenix Energy’s Expansion in the Williston Basin

Published

5 days ago

April 23, 2025

Matthew Wiles

As energy security becomes a growing priority in the United States, companies focused on domestic oil production are gaining attention from investors. One such company is Phoenix Energy, an independent oil and gas company operating in the Williston Basin, a prolific oil-producing region spanning North Dakota and Montana.

Phoenix Energy has established itself as a key player in this sector, expanding its footprint while offering structured investment opportunities to accredited investors. Through Regulation D 506(c) corporate bonds, the company provides investment options with annual interest rates ranging from 9% to 13%.

Here are 13 reasons why Phoenix Energy is attracting investor interest in 2025:

1. U.S. energy production remains a strategic priority

The global energy landscape is evolving, with a renewed focus on domestic oil and gas production to enhance economic stability and reduce reliance on foreign energy sources. The Williston Basin, home to the Bakken and Three Forks formations, continues to play a critical role in meeting these demands. Phoenix Energy has established an operational footprint in the basin, where it is actively investing in development and production.

2. Investment opportunities with fixed annual interest rates

Phoenix Energy bonds offer accredited investors annual interest rates between 9% and 13% through Regulation D 506(c). These bonds help fund the company’s expansion in the Williston Basin, where it acquires and develops oil and gas assets.

3. Record-breaking drilling speeds in the Williston Basin

Phoenix Energy has made significant strides in drilling efficiency, ranking among the fastest drillers in the Bakken Formation as of late 2024. By reducing drilling times, the company aims to optimize operations and improve overall production performance.

4. Expansion of operational footprint

Since becoming an operator in September 2023, Phoenix Energy has grown rapidly. As of March 2025, the company has 53 wells drilled and 96 wells planned over the next 12 months.

5. Surpassing production expectations

Phoenix Energy’s oil production has steadily increased. By mid-2024, its cumulative production had exceeded 1.57 million barrels, outpacing its total output for 2023. The company projected an exit rate of nearly 20,000 barrels of oil equivalent per day by the end of March 2025.

6. High-net-worth investor offerings

For investors seeking alternative investments with higher-yield opportunities, Phoenix Energy offers the Adamantium bonds through Reg D 506(c), which provides corporate bonds with annual interest rates between 13% and 16%, with investment terms ranging from 5 to 11 years, and a minimum investment of $2 million.

7. Experienced team with industry-specific expertise

Phoenix Energy’s leadership and technical teams include professionals with decades of oil and gas experience, including backgrounds in drilling engineering, land acquisition, and reservoir analysis. This level of in-house expertise supports the company’s ability to evaluate acreage, manage operations, and execute its long-term development plans in the Williston Basin.

8. Focus on investor communication and understanding

Phoenix Energy prioritizes clear investor communication. The company hosts webinars and provides access to licensed professionals who walk investors through the business model and operations in the oil and gas sector. These efforts aim to help investors better understand how Phoenix Energy deploys capital across mineral acquisitions and operated wells.

9. Managing market risk through strategic planning

The energy sector is cyclical, and Phoenix Energy takes a structured approach to risk management. The company employs hedging strategies and asset-backed financing to help mitigate potential fluctuations in the oil market.

10. Commitment to compliance

Phoenix Energy conducts its bond offerings under the SEC’s Regulation D Rule 506(c) exemption. These offerings are made available exclusively to accredited investors and are facilitated through a registered broker-dealer to support adherence to federal securities laws. Investors can review applicable offering filings on the SEC’s EDGAR database.

11. Recognition for business practices

As of April 2025, Phoenix Energy maintains an A+ rating with the Better Business Bureau (BBB) and is a BBB-accredited business. The company has also earned strong ratings on investor review platforms such as Trustpilot and Google Reviews, where investors often highlight clear communication and transparency.

12. A family-founded business with a long-term vision

Led by CEO Adam Ferrari, Phoenix Energy operates as a family-founded business with a focus on long-term investment strategies. The company’s leadership emphasizes responsible growth and sustainable development in the Williston Basin.

13. Positioned for long-term growth in the oil sector

With U.S. energy demand projected to remain strong, Phoenix Energy is strategically positioned for continued expansion. The company’s focus on efficient drilling, financial discipline, and structured investment offerings aligns with its goal of building a resilient and growth-oriented business.

Final thoughts

For investors looking to gain exposure to the U.S. oil and gas sector, Phoenix Energy presents an opportunity to participate in a structured alternative investment backed by the company’s operational expansion in the Williston Basin.

Accredited investors interested in learning more can attend one of Phoenix Energy’s investor webinars, which are hosted daily throughout the week. These sessions provide insights into market trends, risk management strategies, and investment opportunities.

For more information, visit the Phoenix Energy website.

Phoenix Capital Group Holdings, LLC is now Phoenix Energy One, LLC, doing business as Phoenix Energy. The testimonials on review sites may not be representative of other investors not listed on the sites. The testimonials are no guarantee of future performance or success of the Company or a return on investment. Alternative investments are speculative, illiquid, and you may lose some or all of your investment. Securities are offered by Dalmore Group member FINRA/SIPC. Dalmore Group and Phoenix Energy are not affiliated. See full disclosures.

This article contains forward-looking statements based on our current expectations, assumptions, and beliefs about future events and market conditions. These statements, identifiable by terms such as “anticipate,” “believe,” “intend,” “may,” “expect,” “plan,” “should,” and similar expressions, involve risks and uncertainties that could cause actual results to differ materially. Factors that may impact these outcomes include changes in market conditions, regulatory developments, operational performance, and other risks described in our filings with the U.S. Securities and Exchange Commission. Forward-looking statements are not guarantees of future performance, and Phoenix Energy undertakes no obligation to update them except as required by law.