FAQ
Common Question
What is probate?
Probate is the legal process of administering a deceased person’s estate, ensuring that debts are paid and assets are distributed according to their will or state law if there is no will.
When is probate required?
Probate is usually required when the deceased owned assets solely in their name without designated beneficiaries. If assets are held jointly or have beneficiary designations (like life insurance policies or retirement accounts), probate may not be needed.
How long does probate take?
The length of probate varies by state and complexity of the estate. Simple cases may take 6-12 months, while complex estates with disputes can take several years.
How much does probate cost?
Costs depend on factors such as attorney fees, court fees, and executor fees. On average, probate costs 3-7% of the estate’s value.