When someone you love passes, there are a variety of new emotions and tasks on your plate. Before you can grieve in peace, you must decide whether or not you will go through probate. Gathered are some helpful words of guidance so that you can make an informed decision of whether or not to go through the probate process:
- When someone you love passes, the last thing you want to do is worry about legal matters. Through the probate process, you not only extend the length of legal matters, but you may also waste some money through the process. Probate often holds the property or estate for multiple months, sometimes even an entire year.
- When you go through probate, you are required to pay executor and attorney fees from your estate. Typically, your executer will waive a fee and simply take their chunk of your estate. Your attorney will take a percentage of your estate to probate. Typically, their fees can range anywhere from $20,000 and above.
- You will not only have to spend money on executor and attorney fees when choosing the probate route, you will also be subject to court fees, appraiser fees, and a variety of other expenses.
- It is important that whether you are able to avoid the probate process or not, the desired outcome remains the same. Some law firms take anywhere from a year and half to two years to complete probate, but at Gaudy Law, our average probate process is less than 7 months.
Contact Gaudy Law today and allow us to answer any questions you may have regarding avoiding the probate process. We are always available to help you with your probate and estate planning needs. If you are required to go through the probate process, we will ease the entire procedure in the most cost effective and time effective way possible.