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July 30, 2008

Probate: A Difficult time to Deal with Heirs and the Estate

Probate is the legal process used to transfer property, real estate, personal belongings and bank account holdings. Depending on the size of the decedent's estate and family dynamics, probate can tie assets up in the court system for six months to three years. If family disputes arise, legal fees can end up costing more than the estate is worth.

Part of the problem with probate is that it involves government agencies and attorneys. When someone dies it is almost guaranteed that many people will want to stick their fingers in the inheritance pie.

Real Estate Investing article on "Probate: A Difficult time to Deal with Heirs and the Estate"