What happens to your estate when you die without a trust?
It ghost through probate.
What is probate?
If you pass away without a Trust, your family may have to go through court to determine what will happen to your estate. This process is called probate.
What’s so spooky about probate?
There’s nothing scarier than the four C’s: court, conflict, cost, and creditors.
The court process can be lengthy – it typically lasts for about 12-18 months. The majority of this time is spent in the inventory and appraisal phase. However, the length of an individual probate case depends on a number of factors and can be difficult to predict.
Probate is also costly – California has set percentages based on the gross value of assets, and these rates determine the fees that lawyers can collect from each probate case. This can add a financial burden to your loved ones after you’ve passed on.
Family Feud is not just a game show, it happens all the time in probate court. And when families fight in court, things take even longer and get even more expensive.
Finally, probate is a creditor-friendly process. Think of creditors as unwelcome trick-or-treaters coming after your good candy.
Ok, I get it. I want to avoid the probate nightmare! What are my next steps?
Creating a comprehensive Living Trust plan is the key to avoiding probate. SuccessionLegal® works with families just like yours to ensure that you can rest easy.
And if you have to go through probate, it doesn’t have to be scary. We know, because we’ve been there. SuccessionLegal® helps families navigate the complexities of trust and probate administrations.