| Short Answer: 1) Anyone can see your file. 2) Probate Is Expensive. 3) The court decides, not you. 4) Probate Is a Lot of Work. 5) Probates can take a year or longer. 6) Probate Causes Family Breakups. |
| Philip McCarthy Attorney at Law |
| Six Reason to Avoid Probate |
| Long Answer: 1) Probate Is a Public Process: Probates are posted at the courthouse. Anyone with the filing fee can get a copy of a probate file. Any interested person can petition the court to open a probate. 2) Probate Is Expensive: Probate Code Section 10800 provides that: . . . [F]or ordinary services the personal representative shall receive compensation based on the value of the estate . . . 4% of the first $100, 000. 3% of the next $100,000. 2% of the next $800,000. 1% of the next $9,000,000 If your estate is worth $500,000.00, it could cost $13,000.00, to probate your estate. $500,000 -$100,000 x 4% = $ 4,000 $400,000 -$100,000 x 3% = $ 3,000 $300,000 -$300,000 x 2% = +$ 6,000 $ 0 $13,000 Probate fees on an estate are determined by the value of the gross estate, meaning prior to any taxes or other charges due on the estate. 3) Probate Is an Uncertain Process: Because Probate is a public process anyone can make a claim. Because the court is bound by the Probate and Civil Code, the court will make decisions that may or may not be what you would have wanted. 4) Probate Is a Lot of Work: Anyone with a possible claim must be notified. 5) Probate Is Time Consuming: A Probate can easily take a year or more to complete. 6) Probate Denies Survivors the Ability to Move On With Their Lives: A natural part of the death of a loved one is the mourning process followed by a time of healing. With a probate loved ones are not able to mourn properly because of the uncertainty and frustration of the probate process. |
| For a more detailed analysis of Why You Should Avoid Probate contact me. |
| For a more detailed analysis of Why You Should Avoid Probate contact me. |