AVOIDANCE OF PROBATE
happens if you do not establish your Living Trust?
How much does Probate cost?
Probate costs thousands of dollars. Remember that every
dollar that goes to pay probate is a dollar that is taken away from
your family. Small estates are particularly vulnerable because
even reasonable fees can eat up a large percentage of an estate's
assets. Unfortunately, without a proper Trust, state law will dictate how
your estate is to be distributed at death. State law sets the
probate fees that attorneys and personal representatives can charge. Not only are
these fees excessive, but the manner in which they arrive at the size
of your estate bears little resemblance to its actual value.
How long does Probate take?
people assume that their estates are simple and will glide through the
system. Regardless of how simple an estate appears, it's very
difficult to close a full probate because of all the steps that must
be completed to the satisfaction of the court. Due to court budget
cuts, it may take years before rightful heirs obtain their
the details of the estate kept private in Probate court?
No. All probate proceedings are open to the public
and everyone can have access to the details of your financial life. It
lays out the names of all your beneficiaries and the amount and
conditions of their inheritances. This information is often compiled
and sold to those who use the information to sell products and
services to vulnerable surviving family members.
Can probate hurt your business? Yes. Your business
competitors will have access to confidential business information