Not all estates go through probate. Some assets, like those held in a living trust or with designated beneficiaries (life insurance policies), may avoid probate. Additionally, smaller estates may qualify for simplified probate procedures.
What are the costs associated with probate?
Probate costs include court fees, attorney fees, executor fees, appraisal costs, and potentially taxes. These costs can vary significantly depending on the size and complexity of the estate.
How long does probate take?
The length of probate varies depending on factors like the complexity of the estate, whether there's a will, and if any disputes arise. It can range from a few months to over a year.
