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re: Revocable Living Trust
Posted on 1/25/24 at 10:09 am to slackster
Posted on 1/25/24 at 10:09 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.
Do you deal mainly with very indebted or very wealthy clients? Only in rare cases have I ever had a succession go longer than a couple months, and usually that is by request of the heirs. In my experience, the average succession in LA is a simple surviving spouse couple of kids intestate succession that can be handled without a single court appearance, signed and delivered within 2-3 weeks. I have just never understood the fear mongering over probate. Trusts for the average joe are a complete waste of effort and cause more trouble than they are worth.
Agree with you 100% that everybody should have a basic will. Removes about 95% of potential headaches for most people.
1
Posted on 1/25/24 at 10:16 am to lsujro
I agree, I would say the average time a succession takes in LA with a good attorney is 5-6 weeks. I have seen them done in 2-3 weeks. Normally the longest part is waiting on the judges signature.
This is also assuming the family has all their stuff in order.
This is also assuming the family has all their stuff in order.
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