How do I avoid Probate?
Probate is the legal process that transfers the legal title of property from the estate of the deceased to their beneficiaries. During the probate process the executor of your will goes before the courts and indentifies and catalogs all the property you owned, appraises the property, and pays all debts and taxes, proves that the will is valid and legal, and distributes the property according to the instructions of the will. Probate can be a long, drawn-out legal process, and there are some probate-avoidance plans in place. Simply speak to your attorney to find out what you can do to avoid probate in your area.
Common Questions that are asked...
How Much Does Probate Cost?
The Courts charge a fee to process a probate application. There maybe a maximum fee the Surrogate Court charges for a probate application. On top of that, if the Executor hires a lawyer to do the application to Court for probate, then there will be legal fees as well.
How Long Does It Take to Get Probate?
To make an application to the Courts for probate, you will need to do a very comprehensive and complete inventory of the estate, complete with values of the assets. Once this information is gathered, and the application is complete and submitted to the Courts, it will usually be processed in about three weeks.