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What is Probate?
 Category |
: Legal Matters |
 Times Read |
: 8 |
 Date |
: 08 May 2008 07:00 |
What is Probate?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 cant sell Mom or Dads house without a court order or cant transfer Mom or Dads bank account without court approval. Even with a will, they may be forced to file a probate proceeding.Alternatives to ProbateBecause 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 decedents heirs is to file a probate proceeding. Cost of ProbateAttorneys 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 $100,0003% of the next $100,0002% of the next $800,0001% of the next $9,000,000What Is Probate?Probate is the judge-supervised process of paying a decedents legitimate bills, inventorying and appraising a decedents assets, and distributing the assets to the decedents heirs or beneficiaries. Length of ProbateMost 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.
About the Author
David R. Baker graduated from Hastings College of the Law in San Francisco in 1979 and passed the California State Bar Exam the same year. The present focus of his practice is Probate, Decedents Estates, and Living Trusts. He can only advise on matters relating to California law and California legal proceedings. His website is: http://www.california-probate-attorney.com/
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