What's so bad about probate?

It's expensive. Legal/executor fees and other costs are usually estimated at 4-10% or more of an estate's gross value (before debts are paid). It takes time - often 1-2 years or longer. During part of this time, the assets are usually frozen so an accurate inventory can be taken. Nothing can be distributed or sold without the court and/or executor's approval. Your family has no privacy. Probate files are open to the public so anyone can see what you owned and whom you owe. Your family has no control. The probate process has control.

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