The Benefits of Avoiding Probate in California

8:50 pm Probate

gavel 2 e1319495176879 The Benefits of Avoiding Probate in CaliforniaExpert Guidance from America’s Top 100 Asset Protection Attorneys

There are two primary disadvantages of the California probate process:  time and money.  The California probate courts generally take an average of 7-9 months to settle an estate; a “quick” settlement in a small estate (estate value under $150,000) can take several months as well.

Probate can also be expensive, although the state of California has guidelines for reasonable compensation of probate attorneys and personal representatives.

California probate fees are based on the value of the estate and have been established as follows:

  • 4 percent of the first $100,000
  • 3 percent of the next $100,000
  • 2 percent of the next $800,000
  • 1 percent of the next $9 million
  • .5 percent of the next $15 million
  • Court-determined for estates over $25 million

Smart estate planning, including the use of a revocable living trust, can help your heirs avoid the time and expense of probate and ensure they inherit the funds you intend for them to receive in a timely manner.

Get started by contacting our Orange County asset protection estate planning law firm as soon as possible.

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