What is Probate to an estate owner? Probate is the legal transfer of your properties from your name to your heirs’. This is important for you to be aware of in order to have your affairs in order before your passing.
Dealing with death is not an ideal situation for the surviving family members, which is why it is important to make the necessary arrangements to facilitate the transfer of your estate to your family.
What is Probate to the surviving family members? This process actually proves to be very disadvantageous to your family because it causes delay in transfer and it also happens to be very expensive.
What is Probate to lawyers? As a general notion, lawyers love probates because they get to charge a lot more in billing hours. In some States, the lawyers handling the probate of your estate are entitled to as much as 8% of the total amount of assets. This is certainly not a very good prospect for your surviving family members.
In order to have a better and faster transfer of your properties to your heirs, make sure that you explore any and all options that will prove to be more favorable on their part.
Mortensen Law
Tax, Trust & Estate Attorneys, P.C.
24300 Town Center Drive, Suite 390
Valencia, CA 91355
(661) 799-8035
(661) 799-8838 fax
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