The probate process is not free by any means. There are innumerable expenses that could present themselves, including the executor’s fee, legal costs, accounting charges, appraisal expenses, court costs, and liquidation charges. When you add in miscellaneous expenses, the value of the estate can be shaved down considerably during probate. The money spent during probate is essentially coming out of the pockets of the inheritors.
Topics covered in this report include:
- Further Considerations