Probate in Pennsylvania

12-18-2007, 02:14 AM

On Dec 11, 8:07 pm, jo <phillysle...[at]verizon.net> wrote:
- quote -

> Is it true that probate costs in PA are only $400, and that the time
> to finalize an estate with a will is about 7 months? These questions
> came up when a lawyer said there was no point in establishing a
> revocable trust to avoid probate, because the savings isn't worth it,
> and the time for settlement is essentially fixed, whether you've got a
> trust or not. Is this all on target, and is there any place online
> or elsewhere that outlines the steps or paperwork one takes to act as
> an executor?

I can't respond to the PA problems with probate, but if a revocable
trust is funded with all the deceased's assets the trustee can settle
it immediately because it does not go though probate.

There are many books availabe in your local library discussiong
settlement of estates and/or trusts.

ed

#-1 12-12-2007, 01:07 AM

Is it true that probate costs in PA are only $400, and that the time
to finalize an estate with a will is about 7 months? These questions
came up when a lawyer said there was no point in establishing a
revocable trust to avoid probate, because the savings isn't worth it,
and the time for settlement is essentially fixed, whether you've got a
trust or not. Is this all on target, and is there any place online
or elsewhere that outlines the steps or paperwork one takes to act as
an executor?

Similar Threads
Thread	Forum	Replies	Last Post
Avoiding probate on mom's house? bp: My mom is a widow, and currently is the only name on the deed of her house. She has living sons, and we are wondering about what measures we should...	Taxes	14	09-12-2005 10:30 PM
British Will & Probate -- Uncooperative Solicitor vandluce@yahoo.com: I am in the US, but I inherited a moderate amount in the UK which has been held up for 9 years. The executor/solicitor "lost" about 38% of it due...	Taxes	2	06-02-2005 03:22 PM
Probate Costs of an Estate TenPercent: Hi. I was wondering what the probate costs in Missouri would be of an estate worth roughly $360,000. The estate consits of approximately $260,000...	Financial Planning	2	01-19-2005 12:05 PM
Re: Texas wills, inheritance, and probate question cal-lester: > In his will, he stated that he wanted the 2 sons to get his (Dad's) > 30% of the business, evenly divided tween the 2 of them. > The question: >...	Financial Planning	2	09-30-2003 10:54 PM

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode