Probate administration is a difficult but necessary step after a loved one has passed in Thousand Oaks, CA. Doing so while grieving the loss of your loved one and taking care of other funeral and legal needs can be overwhelming. It is important that a person’s last wishes are properly carried out and their assets are distributed as they intended. If someone dies without putting a trust or will in place, their assets will go through probate.
Probate is often complicated and lengthy. However, it can be made easier with an attorney. When you work with a Thousand Oaks probate attorney, you can feel confident that your loved one’s assets are being properly handled. Although probate puts the power in the court’s hands, you can ensure that you have a strong advocate for the process.
It is essential to find an attorney who understands the complicated California probate process. You should also find one with extensive experience in the administration of estates, whether or not they have trusts. At Barry Law Group, we have that experience. We want to help you administer your loved one’s estate properly and guide you through the process. Probate is known for being expensive and time-consuming. We want to keep the process as smooth and cost-effective as possible. Our firm aims to lessen the burden on you and your family and provide you with legal counsel tailored to your needs. We help you complete probate administration accurately and effectively.
Probate is the legal process where the state settles a deceased person’s estate. It will distribute its assets to creditors before releasing the remainder to their family. Probate administration finds and catalogs all existing assets. Assets include bank accounts, real estate, investments, retirement accounts, and other expensive assets.
Often, a person dies with debts and taxes that are owed. During probate, those are taken from their estate. The remaining assets are distributed according to a person’s will. In probate court, the state will also determine the legitimacy of the will. It will either pass the estate to the will’s executor or name an executor. When a person dies without a will, or an existing will is determined to be illegitimate, the estate is distributed according to inheritance laws.
There are several benefits to working with a probate administration attorney. Attorneys can assist you with essential tasks like:
An experienced probate administration attorney can prevent delays and conflict during the probate process. They can help it go as smoothly as possible.
The process of probate is stressful for many families. Common disputes during the probate process include:
A simple will in California charged at a flat fee can cost anywhere from $300 to $600. This includes having an attorney help you create your will and safeguard it. Prices may increase if you have a complex estate or many assets. Especially complex estates will cost around $1,000. Some attorneys will charge an hourly rate. It is possible to create your own will without charge, but many states do not recognize these wills. You risk them being found invalid after you pass.
It is in your interests to work with an attorney. They can provide you with specific and personalized legal advice. An attorney can help ensure that your will is valid and structured to carry out your wishes. They can also provide you with advice on other forms of estate planning.
In California, there is a specific structure of payment that probate attorneys follow. They take a certain percentage of an estate based on how much the estate is worth. For typical probate administration services, probate attorneys who act as an attorney to the personal representative take 4% of the first $100,000. They can take an additional 3% on the next $100,000.
Although it is not a requirement to have an attorney, having one is very useful. Probate is known for being time-consuming and expensive for many families. An attorney can make the probate process much easier and less confusing. A probate attorney has the experience and resources necessary to properly administer an estate.
If you are overwhelmed by the loss of a loved one and the process of probate, we can help. Contact Barry Law Group today for help with the process.
Barry Law Group is comprised of attorneys and longtime staff members who are committed to the success of your legal matter. The firm understands that for most litigation is uncharted worrisome and often terrifying.