cool-horizons.com
Search:    Index Page :> About Us :> Privacy Policy :> ToS :> Place Your Link :> Add Your Article   
Free 3 way links
 
 

Family & Home

 

Government & Politics

 

Automotive

 

Property & Estate

 

Science & Research

 

Software & Networking

 

Creative Arts

 

Medicine & Treatment

 

Fitness & Health

 

Self Enhancement

 

Travel & Accommodation

 

Jobs & Employment

 

Academics & Learning

 

Food & Recipe

 

Sports & Adventure

 

Recreation

 

Children & Teens

 

Business & Commerce

 

News & Media

 

People & Society

 

Online Shopping

 

Fashion & Relationships

 

Online & Board Games

 

Investment & Finance


 

  Index Page › Government & Politics › Govt Authorities
   
 

Why Probate?

   
Author: David Baker
 

Nobody voluntarily chooses probate. People are too busy or preoccupied with health or other issues to plan. They pass away without a living trust and their heirs----usually their children---- find that they can't sell Mom or Dad's house without a court order or can't transfer Mom or Dad's bank account without court approval. Even with a will, they may be forced to file a probate proceeding.

Alternatives to Probate

Because probate is expensive and time consuming, a responsible attorney first tries to determine if there is an alternative to probate. In California, the most common alternatives to probate are a Spousal Property Petition (if there is a surviving spouse) or a small estate transfer (if the value of the estate is less than $100,000). If these and other alternatives to probate are unavailable, then the only recourse for the decedent's heirs is to file a probate proceeding.

Cost of Probate

Attorney's fees and costs are set by law in California and are based upon the value of the estate. Here is the statutory fee schedule in California:

4% of the first $100,000

3% of the next $100,000

2% of the next $800,000

1% of the next $9,000,000

What Is Probate?

Probate is the judge-supervised process of paying a decedent's legitimate bills, inventorying and appraising a decedent's assets, and distributing the assets to the decedent's heirs or beneficiaries.

Length of Probate

Most probates take between 6 months and one year. We take pride in the fact that most of our probates are handled without a hearing: in the S.F. Bay Area, this is done through a system of "pre-granting," i.e. the judge is willing to sign the proposed order without an attorney making a court appearance.

 
 
 

Related Articles

 
6 Tips On Preventing Identity Theft That You Need To Know
 
New York Personal Injury Attorneys
 
Guide to World Markets
 
Washington DC Police Chief Declares Crime Emergency
 
Ethical Wills
 
Atlanta Accident Lawyers
 
Bankruptcy Records - A Means to Find Out Who Has Financial Problems
 
Riverside DUI Laws
 
Sexual Harassment "Affirmative Defense" Defined by Supreme Court
 
Women Still Want To Be Looked After By Men!
 
 
 
 
 

New Jersey Accident Lawyers

Any undesirable or unexpected event resulting in harm and damage can be termed as an accident. An ac ... - Jason Gluckman
 

Flags and Banner Etiquette Rules - A Short Guide

Flags are a symbol of national pride and respect the world over. They not only uniquely identify eac ... - Amit B Sharma
 

Sexual Harassment "Affirmative Defense" Defined by Supreme Court

The Supreme Court has given it a clear definition of when a company can use the "Affirmative Defense ... - Rick Weaver
 
 

Converting Formats Should Be Legal

The US Copyright Laws are broken. Under current copyright law it is illegal for a business to buy a ... - Tim Smith
 

Criminal Defense Attorneys

A normal argument often heard is that if a person has been arrested for committing a crime, where is ... - Steve Valentino
 
 
Index Page :> Privacy Policy :> ToS
© 2006-2008 www.coolhorizons.com All Rights Reserved Worldwide.