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The Real Cost
of Probate

HOW TO SAVE YOUR FAMILY TIME, AGGRAVATION & THOUSANDS OF DOLLARS

Probate is the judicial process that can occur when someone dies. It basically determines “who” gets “what.” If you die without a will or trust, your estate will likely need to be probated. Even if you have a will, it doesn’t avoid the time and cost of probating an estate.

A great way to avoid the probate process is through the use of a living trust. A living trust is similar to a will but it avoids the probate process. You can see the advantages of a living trust in the attached PDF found here.

The major disadvantage of probating an estate is that it can be a lengthy and costly process.

Time — From the beginning of the probate process until the end, it will often take a minimum of 8 months to 1 year. For some estates, the probate process can go on for several years resulting in more court appearances and even more additional cost. Also, distribution of assets to the heirs will be delayed.

Cost — Here are some real expenses of probated cases that I have done:

 IF YOU DIE WITHOUT A WILL OR TRUST, OR EVEN WITH JUST A WILL, YOUR PROBATE COULD COST YOUR FAMILY AT LEAST $4,000+

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Filing Fees (Milwaukee County)

$ From a few hundred to a few thousand dollars

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Publication Fee

$98

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Probate Bond (when no will exists)

$1,100 – $2,500

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Attorney Fees

$2,500 – $15,000

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Executor/Administrator Fees

From zero to thousands

When you have been doing this for as long as I have, you see the good and bad come out in people, especially when they are settling an estate. I’ve seen siblings steal from one another, take things they weren’t entitled to, commit fraud, and even sue one another. 

This is your opportunity to make sure this doesn’t happen with your family.

Don’t procrastinate to do this.

Don’t wait until a crisis arises to do something.

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REVOCABLE LIVING TRUST PACKAGE

  • Declaration of Trust* 
  • Durable Power of Attorney for Health Care
  • Durable Power of Attorney for Property
  • Pour Over Will
  • Real Estate Deed Transfer**
  • Asset Transfer Instructions
  • Update Beneficiary Designations for Life
  • Insurance or Other Assets
  • 6 Months Free consultations on transfers
  • “Estate Planning Portfolio” Binder to contain all your important documents & information
  • Peace of mind knowing you won’t leave your family with a mess!

All you have to do is commit (not complete) to having your trust done.

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WILL PACKAGE

  • Last Will & Testament Tailored for You 
  • Testamentary Trusts for Children or Grandchildren
  • Durable Power of Attorney for Health Care
  • Durable Power of Attorney for Property
  • Updated Beneficiary Designations for Life Insurance or Other Assets
  • “Estate Planning Portfolio” Binder to contain all your important documents & information
  • Peace of mind knowing you won’t leave your family with a mess!

All you have to do is commit (not complete) to having your will done.

I am committed to getting this done, David. What do I have to do? 

THREE EASY STEPS 

Step #1 

Send an email to: David.Watson@WatsonAtLaw.com and tell me “I AM IN.” 

Step #2 

You will then be sent our estate planning worksheet to complete before we meet. 

Step #3 

Schedule an appointment to meet to go over your situation where I will analyze and make recommendations. 

Does not include complex estate tax planning, generation-skipping trusts, irrevocable life insurance trusts, or special needs trusts. 

**No charge for Deed transfers in Wisconsin but you will need to pay recording fees. Other states may require the services of an attorney in that state. 

Our mailing address is:
7702 W. Mequon Road, Suite 300
Mequon, WI 53097

Family

Has a myth about Estate Planning left you confused or kept you from starting?

The Estate Planning process captures your legacy by ensuring that your wishes are fulfilled while providing protection for your loved ones and assets.  However, many myths hinder the process and even prevent some people from getting started.  That is why we put together a helpful guide to address these myths and to provide you with insightful guidance.

Thank you!