Pros and Cons of Probate
Delving Into The Pros And Cons Of Probate In California Welcome to the Laguna Legal blog, your go-to source for all things related to legal
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At Laguna Legal, we offer Long Beach probate services including the filing of necessary paperwork and serving of interested parties. We are not Long Beach probate attorneys, this means you will save thousands in lawyer fees. You will need to represent yourself in probate court, which is not difficult when all your documents are in order.
Probate is the judicial process through which a person’s assets are distributed after they die. Unfortunately, the probate process can be a lengthy one, taking years and costing thousands of dollars in legal fees, especially if you work with a Probate law firm in Long Beach. At Laguna Legal, we can save you time and money by handling your Long Beach probate.
The Long Beach probate process usually takes about one year to finish. We will handle the preparation and filing of the Petition for Probate, notify all beneficiaries, organize the necessary publication, coordinate with your probate referee, and conclude the process by submitting a final accounting to the court. Any real estate involved can generally be sold within 3-4 months after submitting the initial petition.
You can avoid probate in Long Beach by establishing a Living Trust. Laguna Legal can assist you in preparing and transferring the ownership of your real estate to your trust’s name to prevent probate. We offer a flat rate of $950 for a comprehensive estate plan for an individual. A comprehensive estate plan includes critical documents such as a Revocable Living Trust, Certification of Trust, Pour-Over Will, Durable Power of Attorney, and Healthcare Directive.
When an individual dies, either with a will (testate) or without a will (intestate), their assets can be transferred to their heirs through a legal procedure known as “Probate.” If your loved one passes away and owns real estate (regardless of value) or other assets valued over $166,250, and those assets are not titled in a living trust, then you must file for probate in the Long Beach probate court to authorize the distribution of those assets.
If you pass away in Long Beach, California with assets such as real estate (regardless of value) or bank and investment accounts exceeding $166,250, probate is necessary. Financial institution accounts valued below $166,250 can usually be accessed using a Small Estate Affidavit. Laguna Legal can aid you in creating a Small Estate Affidavit, if required, or assist you in creating and submitting the complete probate. Since we are a legal document service and not an attorney, you must represent yourself at the required hearings, but Laguna Legal can assist you in preparing and submitting all necessary court documents.
If your loved one passes away in Long Beach and owns real estate (regardless of value) or other assets worth over $166,250, and those assets are not titled in a living trust, you must file for probate with the court to distribute the assets. Failure to file probate in Long Beach may result in the property being foreclosed (if there is a loan or tax lien) or the government seizing the assets.
The probate process in Long Beach generally takes around one year to finish. We will handle the preparation and filing of the Petition for Probate, notify all beneficiaries, organize the necessary publication, coordinate with your probate referee, and conclude the process by submitting a final accounting to the court. Any real estate involved can usually be sold within 3-4 months after submitting the initial petition.
Assets subject to probate in Long Beach are real estate (regardless of value) and bank and investment accounts worth more than $166,250. Financial institution accounts valued below $166,250 can usually be accessed using a Small Estate Affidavit. Laguna Legal can assist you in preparing a Small Estate Affidavit if necessary, or we can help you create and file the complete probate. Since we are a legal document service and not an attorney, you must represent yourself at the necessary hearings, but Laguna Legal can assist you in preparing and submitting all required court documents.
Learn more about how we can help you to prepare and file the necessary probate paperwork, as well as notify interested parties.
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Probate is the judicial process that distributes a person’s assets after they die. In most states, probate is required even if there is a Will.
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We’ve been providing Southern California with Excellent Legal Document and Divorce Mediation services since 1998.
We service the following counties: Orange, Los Angeles, San Bernardino, Riverside, San Diego, San Luis Obispo, Kern, Santa Barbara, Ventura and Imperial.
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Bonded and Certified Legal Document Assistant, LDA #267. We are not attorneys and cannot give legal advice. A Legal Document Assistant provides only self help service to a member of the public who is representing him/her self in a legal matter. We are, however, very experienced and knowledgeable in preparation of living trusts, deeds and other legal documents including divorce mediation. We work closely with several attorneys who can give you the legal advice you need.
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