Probate Process From Start To Finish

[@momosfield]

I believe this can be one of the ultimate question: in your professional field, please give me some figure(s) how many cases or the numbers of the average percentage who successfully operated/handled living trust, living will, last will,... perfectly to avoid probate pit falls? The more I hear from lawyers like you about surviving from probate, the more my concerns grow: I even feel "not possible." Addition to that, having not many "certified" professionals out there in the country, and it seems like "you don't know what you don't know" appears every corner I walk... I wonder how others handling, succeeding this process. I bought your book, "Savvy Estate Planning" and also listening in Audible daily. I will learn, and I will be careful, but I am also worry. But thank you for your detailed, heartwarming helps for all of us :)

[@CunninghamLegal]

Thank you for leaving a comment and I hope you enjoy the book! would say a large percentage of people who work with an attorney to set up a quality estate plan (about 75% have wills, while 18% have trusts), follow instructions to fund their trust properly and update it every 3-5 years or upon a major life event change, can successfully avoid probate. It certainly can be possible! The biggest issue we find is not funding trusts properly and subjecting assets to formal probate or a simplified probate process to collect assets.

[@Missionbellfiduciary777]

Interesting & informative as usual

[@CunninghamLegal]

Thank you! I appreciate you leaving a comment.

[@PedroOjeda]

Probate being based on gross value and not net value is nuts!

[@CunninghamLegal]

Yes, these are the rules in CA. Now, not all states have these rules- many base the fees on the time involved.