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Reply to "Predicting Estate Value?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]This type of estate will take years to go through probate. FYI. [/quote] If she has that much, she probably has it set up to pass through a trust. If so, it will be a far easier proposition than dealing with probate. We dealt with two different estates in my family, one was set up in a trust, one was a regular will. The estate that passed through a trust was completely settled in less than six months. The one that was a regular will going through probate, with far less in value than the other, is still not settled, almost five years later. It is crazy what an executor can get away with when dealing with a will in probate. [/quote] What can an executor get away with? I currently have a will because I have a bit less than $5m (most of it is in qualified accounts with designated beneficiaries and some commercial real estate that will need to be sold and distributed), with someone I trust as an executor. It didn't seem worth it to pay for a trust. Am I wrong? [/quote]
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