3 Factors To Keep In Mind When Going Through The Probate Process
September 14th, 2023
That can feel like the dark pathway of paperwork that never ends…
In fact, the American Bar Association places the average probate process (from start to finish) to last six to nine months. In rare cases, though, it can last as long as two years.
Other times, it can be much faster.
How long will your probate process take?
Here are some factors to keep in mind…
1. Size & Complexity of Estate -- If the estate is relatively small, with few assets and beneficiaries, the probate process will probably be fairly quick. However, with an estate that is large or complex, with a high value set of assets and/or multiple beneficiaries, you can expect the process to take longer.
2. Due Dates -- Probate laws will vary from state to state, but many require that it be settled within a certain period of time (often one year). This can obviously add pressure to the process, and may contribute to additional fees if the estate can't be settled within that time frame.
3. Location of Estate -- The probate process is handled by the court system in the state where the deceased resided. If your loved one lived in a state with a backlogged court system, you should expect the process to take longer.
These are just a few of the factors that can influence how long the probate process will take. The best way to get an accurate estimate for your situation is to speak with a probate attorney.
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