"Probate is required when estate realty has to be sold, which is something to consider in deciding whether or not to have a trust."Read More
Probate Round-Up: The Cost of Indecision
Probate Round-Up. Small estate on the docket today ($45,000) in Estate of Arthur M. XXXXX. Even small probates yield nice results for the estate attorney (i.e., in this case, $1,800.00 in statutory fees and $600.00 in additional statutory fees for sale of realty). When the heirs desire to sell estate real property (i.e., instead of distributing shares as tenants in common), even if the real property is under the statutory amount of $150,000.00, the only way to accomplish the sale is through a formal probate.
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