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re: Revocable Living Trust
Posted on 1/25/24 at 7:19 am to slackster
Posted on 1/25/24 at 7:19 am to slackster
quote:
I haven’t seen a probate finalized in less than 3 months in my entire career.
It can be done sooner, but it rarely happens in practice.
Is this in Texas?
To clarify my post, when I say "a few weeks" I don't mean 2, I mean at least 4-5 if everybody cooperates and moves fast. If it's a small succession, it can be done in less than that depending on date of death. And I stress that it CAN be done, not that it will be in every case... They vary obviously, and sometimes the courthouse is closed seemingly every day for Xmas, New years, MLK, weather events.
Point is, this new trend of people hearing from their friend they need a trust, or watching the show Succession and thinking probate is a huge legal battle for every family gets overblown. And expectations for inheritance tax are usually overblown too.
Posted on 1/25/24 at 7:59 am to Neauxla_Tiger
quote:
oint is, this new trend of people hearing from their friend they need a trust, or watching the show Succession and thinking probate is a huge legal battle for every family gets overblown. And expectations for inheritance tax are usually overblown too.
In LA, but I agree with you. A lot of misunderstanding about estate planning in general, which leads to a lot of frustration after death.
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