Navigating the loss of a loved one is difficult enough without the added stress of a complex legal process. Unfortunately, probate is notoriously expensive, often consuming a significant portion of an estate’s value before any assets reach the beneficiaries. Between court fees, attorney rates, and administrative costs, the financial “haircut” your estate takes can be substantial. Use our calculator below to estimate what probate might cost for your estate based on its current value.
When planning one’s estate, avoiding probate is typically a desirable goal. At Evans & Davis, our specialized estate planning attorneys understand how to help you avoid the probate process entirely using trust-based plans and mechanisms, which allow us to place your assets outside the control of the courts.
The probate process allows parties to contest your will and drag your loved ones into a long, bitter conflict over your assets. Probate is not an enjoyable process for anyone. Here are some key reasons to avoid probate:
The terms “Personal Representative” and “Executor” mean the same thing. This is an individual or corporate entity that you appoint to be in charge of going to court, opening a probate (a mini lawsuit), and submitting your Will to a judge after you pass away.
