Small Asset Probate!

Rest Easy in the Wake of Tragedy

What is a Probate? A probate is a legal procedure transferring the assets from a deceased individual to their heirs. The best solution to escape Probate is a Living Trust. The living owners of the home are Trustees of their Living Trust. However, when those individuals pass away, the Successor Trustee (individuals who were pre-selected) take over.

A normal probate normally can take anywhere from 9-18 Months depending on the circumstances and can be very expensive. Now many individuals forget or don’t know that they have to commence probate, that can and will be more expensive.

But, if you look hard enough, there is always a solution. Many people do not know of what I am about to tell you; there is a process where the time and cost of the probate decrease substantially. It’s called as Small Asset Probate. And just recently in April 2025, a new law came into effect, AB 2016, whereby giving individuals up to $750,000 of real estate value for a Small Asset Probate. 

This is HUGE, the cost and time is less.