What is Probate?
We believe that knowledge is power. Understanding legal processes can help you better protect your family.
1
Transferring Assets
The process of transferring the assets after the passing of a loved one (with or without a will) through Probate Court, a judge, not you, has the final say on who gets what and how much the lawyer probating the estate will receive.
2
Lawyer Cost
Oftentimes probate lawyers can end up with 5 - 10% (up to 50%) of the value of your estate!
3
Personal Cost
Probate can take 18-36 months and cost your family thousands in out-of-pocket fees or even force your family to sell assets to pay the fees! Probate makes all your assets public through the court process!
4
Example for Assets
For example: If you or your parents own a home worth $500k and other assets valued at $250k for a total of $750k, it could cost your family $75,000 in fees and 18-36 months in court to transfer the assets. Who wants to deal with that while grieving?
5
Testimonial
Unfortunately, there are endless horror stories about how long courts can tie up estates and how expensive probate lawyers are. One of our subscribers told us about how it took 3 years to get his inheritance from his grandmother because her estate was stuck in probate. When he received his inheritance, it came with an enormous bill from a probate lawyer!
6
Solution
Fortunately, we have found the solution! be responsible and to the right thing for your family by establishing a Revocable Living Trust!