Just as it is possible to accomplish a wedding without a wedding planner, it is possible to represent an estate in probate without a lawyer. Probate lawyers are for very valuable estates or very troubled ones. An ordinary, run-of-the-mill estate does not need a probate lawyer; it might not even need probate. If the estate you are representing is small enough to qualify for informal probate alternatives, then hiring a California legal document assistant is a much better idea than working with a probate lawyer.
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In the movies, they make inheriting money look simple: You get a letter in the mail or a phone call saying that you inherited a certain amount of money from a recently deceased relative, then you deposit the check in your bank account, and then you go on a spending spree. In real life, there are a lot of steps between when the people named as heirs in a deceased person’s will are identified and when the inheritance money reaches their bank accounts. Specifically, the estate must go through probate. Understanding probate estate laws is key to getting through the process in as inexpensively as possible.
Losing a close family member is difficult under any circumstances, but having to settle your newly deceased relative’s financial affairs can seem especially daunting. Being named in a family member’s will as the personal representative of his or her estate can be a double-edged sword. On the one hand, you are honored that you are the person your family member trusted the most to be in charge of their estate after their death, and you want to fulfill their requests to whatever extent you can. On the other hand, all the paperwork of probate can consume a lot of your time. The best solution is to hire a California legal document assistant to prepare the probate forms for your family member’s estate so that you can have peace of mind without having to spend big piles of money on a probate lawyer.
California law acknowledges that full probate is unnecessary for small estates and offers simplified probate alternatives for estates valued at less than $166,250. If your estate is worth more than that, you can still avoid probate by setting up a California living trust. You do not need to hire a lawyer to establish your living trust; a California legal document assistant can prepare the living trust documents for you for a much lower price than a lawyer would charge.
Financial elder abuse is a serious problem in estate planning. However, sometimes fraud is also caught after or during the probate process. Therefore, if an interested party files an action for financial elder abuse, California probate law can help rightful heirs repossess the decedent's assets.
Since early 2020, the California court system's response to coronavirus has resulted in a plethora of modifications to existing probate rules. However, these requirements vary greatly amongst county courts. As a result, individuals administering an estate should consult their local Superior Court's website for more information.
Probate is a complicated, lengthy process. However, with the proper knowledge, you can start your probate quickly and easily! Read on to learn the steps you should take BEFORE starting probate, including what you need to know prior to filling out your initial application.
California law does not require a full formal probate process for every estate. For small estates where there are no disputes about who should inherit property from the estate, California probate laws provide for several simplified probate alternatives. If the estate of your recently deceased family member is small enough to qualify to avoid probate, then it is not fair for you to have to pay exorbitant hourly fees to a probate lawyer just to collect your inherited money or to become the official owner of the house your parents owned when they were alive. Most people do not really need the services of a lawyer even if they have to go through full formal probate.
Did you know that one of Walt Disney's grandchildren has been fighting for over 15 years to collect his inheritance? Read on to learn why the court is holding his money, and how YOU can prevent issues with probate court.
Not every asset that belongs to a deceased person becomes part of his or her estate. Not all estates must go through probate. Only some of the estates that go through probate involve complex issues that require the personal representative to hire a lawyer. In fact, hiring an attorney is usually a waste of money in uncomplicated probate cases. For most people, it makes better financial sense to hire a non-attorney professional to complete your probate forms correctly.
You do not need to hire a lawyer every time you buy a house, and most people establish themselves as the legal parents of their children without hiring a lawyer. Likewise, it is possible to complete the probate process and settle the estate of a recently deceased family member without forking over lots of money to California probate law firms. It is, however, a wise investment to hire a California legal document assistant to prepare your probate forms.
California law also allows people inheriting property from small estates to bypass probate entirely. Even if you are the personal representative of an estate that needs to go through probate, California law also provides another way for you to avoid paying a lawyer a sizable portion of your inheritance. You can hire a registered legal document assistant to prepare your California probate application instead of a lawyer, and by doing so, you can save thousands of dollars.
Business is always booming at dollar stores, but none of the customers are investment bankers. Of all the sommeliers who were laid off during the pandemic, none of them had a sommelier gig at a restaurant with a dollar menu. If different businesses target different price points, it makes sense that the procedures for transferring property from the estate of a deceased person to that person’s heirs should be different for estates of different sizes. If the deceased person owned nothing but furniture, clothing, and family photos, it does not make sense to go through an elaborate, year-long process to distribute that person’s property to his or her heirs. Learn how California probate rules affect your probate estate.
If the estate from which you stand to inherit property is small, you can get your inheritance through inexpensive legal procedures instead of having to complete the full probate. Even if the estate is large enough to require probate, hiring a lawyer to help you settle an estate usually costs more than it should. The probate help you need does not even require a lawyer. If all you need is professional document preparation services for probate or an informal probate alternative, then a California legal document assistant is your best option.
Dealing with an indebted estate can make the probate process a bit more difficult to navigate on your own. Further, if you run into issues with creditors, you will most likely need to hire an attorney. Unfortunately, this will have a huge impact on probate costs and fees in California.
Probate comes with a plethora of fees, including hefty statutory attorneys' fees. However, in California, the court may also rule that estates pay "extraordinary" fees to attorneys. Learn what these fees are and how to avoid them.
Did you know personal representatives are entitled to financial compensation for administering their loved one's estate? Read on to learn just how much executors are paid, and how it affects the estate and beneficiaries.
COVID-19 has limited most probate-related court appearances and meetings with lawyers to teleconferences. Luckily, A People's Choice's services were designed to alleviate the stress of probate and other legal proceedings. Therefore, our document completion and filing assistance already helps keep our clients and employees safe. Read on to learn more about our virtual assistance services and how we can help you with probate.
What is informal probate, and what are kind of estates are eligible to avoid full probate in California? Read on to learn the types of informal probate in California and how A People's Choice can help with yours.
Wondering how probate costs can get SO high? Most of the time, the huge cost of probate is due to statutory attorneys' fees based on high estate value! Read on to learn more about how the value of an estate affects the ultimate cost of probate. Plus, learn how A People's Choice can help keep costs low.