Legal Question in Wills and Trusts in California
Probate
My mom died on 1/27/08. Most of her assets are non-probate items,i.e.house and checking accounts. However one account which is a mutual fund with Scudder valued at about $113,000 was not included in her lving trust-it is under her name only. Trust does have a pour over will. I know in order to get to this account we will have to go to probate. Is this something that I could probably do myself- the attorney charges set by probate law seem too high, especially for only one asset to be probated.
4 Answers from Attorneys
Re: Probate
You get get the Nolo Press book on How to Probate an Estate and try and doit by yourself- but I expect that you will spend a lot of time trying to do it right and then wind up hiring a lawyer anyway to finish it.
I also agree witht the advice you received here from another attorney here that you really should consult an attorney to see what your responsibilites are with the trust.
While trusts do eliminate probate- they do not eliminate the need for you to get good legal advice.
Re: Probate
You can try. No one can answer that question but you. The attorney fees are not high enough from an attorney's perspective, since in real terms it does not richly reward the attorney the time, effort and resources that will be expended.
Re: Probate
you should retain an attorney, not only to handle the probate but to advise you regarding your duties and responsibilities as trustee.
see probate code sections 16000, et seq.,; 16400, et seq.; 16500 et seq.; 18000 et seq.; & 19000 et seq. at:
http://www.leginfo.ca.gov/cgi-bin/calawquery?codesection=prob&codebody=&hits=20
Re: Probate
After you go through the probate process you might find that paying an attorney $4,000 to probate the estate is a good deal. Some attorneys would not want to take on such a small estate because they would make enought to justify their time. If you need to post a bond, then do some research in advance, some bond companies don't sell bonds to pro pers in probate cases.