Why Probate? author:David R. Baker source_url:http://www.articlecity.com/articles/legal/article_162.shtml date_saved:2007-07-25 12:30:13 category:legal article:
Why Probate?
Nobody voluntarily chooses probate.
People are too busy or preoccupied with health or other issues to plan.
They pass away without a living trust and their heirs----usually their children---- find that they cant sell Mom or Dads house without a court order or cant transfer Mom or Dads bank account without court approval.
Even with a will, they may be forced to file a probate proceeding.
Alternatives to Probate Because probate is expensive and time consuming, a responsible attorney first tries to determine if there is an alternative to probate.
In California, the most common alternatives to probate are a Spousal Property Petition (if there is a surviving spouse) or a small estate transfer (if the value of the estate is less than 0,000).
If these and other alternatives to probate are unavailable, then the only recourse for the decedents heirs is to file a probate proceeding.
Cost of Probate Attorneys fees and costs are set by law in California and are based upon the value of the estate.
Here is the statutory fee schedule in California: 4% of the first 0,000 3% of the next 0,000 ZZZZZZ