When a person's property has been placed in a living trust prior to death, that property can be transferred directly to heirs and beneficiaries upon death without the time and expense of a probate proceeding. However, sometimes people fail to include all of their property in the trust before they die. When this happens, a simplified form of probate known as a Heggstad petition may be available in California for property left outside of the trust. While a full probate proceeding takes a minimum of seven months and costs up to 6 percent of the property, a Heggstad petition can be completed in two months and often costs less than $1,500.
At the Law Offices of Artin Yadegarian, we help heirs and beneficiaries prepare a Heggstad trust petition. Please contact us for a free consultation. We are here to help you with all your estate planning needs.
Labels: Estate Planning