What is a probate referee?

Question 39 What is a probate referee? A probate referee is someone who is tasked with appraising and evaluating the non-cash assets of an estate. It is a requirement that probated estates be examined by a probate referee in California. Most probate referees are used...

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What is included in the inventory and appraisal?

Question 38 What is included in the inventory and appraisal? The inventory should include all property owned by the decedent such as cash, checking, savings, and investment accounts, jewelry, furniture automobiles, collectibles, antiques, business interests and other...

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How much is a probate attorney in California?

  Question 36 How much is a probate attorney in California? Again a probate attorney in California usually takes a statutory attorney fee of 4% of the first $100,000 of the gross value of the probate estate. 3% of the next $100,000. 2% of the next $800,000. 1% of the...

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What is the cost of getting a trust?

Question 33 What is the cost of getting a trust? Attorney's fees are generally the bulk of the cost associated with creating a trust. The cost for an attorney to draft a living trust can range from $1,000 to $1,500 for individuals and $1,200 to $2,500 for married...

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What else can a trust do that a will cannot?

Question 31 What else can a trust do that a will cannot? A trust can actually protect governmental benefits for a person with disabilities where a will cannot. Leaving assets to a person with disabilities via a trust is the best way to ensure those governmental...

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What is the difference between a will and a trust?

Question 29 What is the difference between a will and a trust? Wills and trusts are both estate planning documents used to pass assets on to beneficiaries at the time of death. There is a distinct advantage to using a trust over a will, one of them being the avoidance...

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What is a revocable living trust?

Question 28 What is a revocable living trust? A revocable living trust is a fiduciary arrangement that allows a third party, or trustee, to hold assets on behalf of a beneficiary or beneficiaries. It is a type of trust that takes effect during the person’s life and...

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