| How do I avoid the high costs of probate? |
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Probate is necessary when an individual dies without the proper estate planning documents and his/her assets exceeds $100,000. The cost for probating an estate is based on the estate’s gross asset value, which generally means including all that you own, but nothing that you owe. For example, if you own a home worth $800,00 with a $790,000 mortgage, the gross asset value is $800,000.
To learn more about wills and trusts, come attend one of our free wills and trusts estate planning workshops, click here to learn more. Or, you can call our offices at (619) 737-9159 to schedule a free consultation.
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