How To Avoid Costly Probate Mistakes
How do you avoid costly probate? With a proper will or trust, explains estate attorney Andrew Dósa, since probate carries real downsides. It's a court-supervised process that takes at least nine months—longer in California—ties up assets, runs up statutory attorney and administrator fees, and, notably, makes your estate public. A well-drafted plan spares your family most of that.
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Answered by Andrew Dósa · Tacoma, WA and Oakland, CA
Highlights
Frequently Asked Questions
How do you avoid costly probate?
With a proper will or trust—probate isn't terrible, just not the best option, since it's court-supervised and public.
What are probate's downsides?
It takes at least nine months, ties up assets so no one can readily pay bills, and drags on longer in California.
How do probate fees add up?
Statutory attorney and administrator fees stack up, which is a major reason a well-drafted plan spares your family the process.
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