Understanding the lawyer's role at the beginning of the probate process is one of the first things you should do, whether you are the Executor or an...
Legally, probate is the process of authenticating the will of a deceased person, reviewing their assets, paying their debts and taxes, and...
According to the American Bar Association (ABA), probate is the process of giving formal recognition to a will and delegating the responsibility for administering the estate to intended beneficiaries. Navigating the probate process will vary according to state law. Therefore, it is good to contact a probate lawyer to determine if the estate is small enough to bypass formal probate, whether the fiduciary must be bonded (this requirement is often waived in the will), and what reports are necessary to prepare.
The bad news: probated estates are subject to a variety of costs from attorneys, executors, appraisers, accountants, courts, and state law. Depending on the probate’s complexity, and the size of the estate, fees can run into the tens of thousands of dollars.
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