Complete guide to real estate ownership

Probate can be a somewhat costly adventure for the estate as an attorney is generally hired to help the executor through the process. The legal costs may range from 2-4% of the value of the probate estate. The probate estate consists of the value of all the assets owned in an individual’s own name as of the date of death. For this and many other reasons, families generally desire to avoid probate and the best way to accomplish this is for individuals to simply die not owning assets in their own name.

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