Frequently asked questions:
How long does it take to settle an estate?
The answer to this depends on a lot of factors, including the size and complexity of the estate, how many assets require going through probate, where probate is being carried out, and whether anyone contests the will.
Courts in less populated counties may be able to wrap up probate proceedings more quickly, since they may have less on their docket, while courts in larger urban areas may have more on their plate. Legal disputes, many assets, and assets in different jurisdictions will also prolong the length of probate.
However, if everything goes well, the average length of time for settling an estate is between 6 months to a year.
What’s the difference between a probate and an estate planning lawyer?
You can think of it like this: An estate planning lawyer takes care of everything that happens before death, and a probate lawyer takes care of everything that happens after.
An estate planning lawyer helps a testator devise strategies to ensure that the executor and any beneficiaries won’t lose part of their inheritance to taxes and fees. They may help set up a living trust, devise strategies for gifting assets to beneficiaries, advise on creating joint ownership arrangements, and help the testator draft a will.
If you and your loved ones are curious about starting an estate plan but don’t know where to begin and aren’t sure whether a lawyer is right for you just yet, then ClearEstate can help. We also specialize in estate planning and have an experienced team that can help with anything from drafting a will to setting up trusts. Reach out today to find out more.