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Home » General » Video Blog – Advantages and Disadvantages of Probate Administration

Video Blog – Advantages and Disadvantages of Probate Administration

February 28, 2015General

Scott Schomer of the Schomer Law Group discusses the advantages and disadvantages of Probate Administration.  For more information, please call (310) 337-7696 or send us a message.

The biggest disadvantages of probate administration are that it is public and it is very expensive and time consuming. As a general rule, it costs between four to eight percent of the gross value of your estate to process an estate through the probate administration process. That includes such things as paying court costs, paying appraisal costs, paying publication costs, also paying the administrator or the executor, and the attorney to work or handle on the case. The second part of it is the delay. Probate in California typically takes about a minimum of about nine months, more frequently a year to a year and a half or longer, depending on the complexity of the estate. At the end of the day, both of these plans require that essentially a lawsuit be filed in the superior court of the county where you die, dealing with both of these issues. And so one of the questions that I always ask my clients is, “why would you want a lawsuit filed for the benefit of your creditors?” It is significantly preferable to handle this privately and outside of the court system.

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Cesar Gil
Cesar Gil
Operations Director at Schomer Law Group
Cesar Gil has the primary responsibility of ensuring that the business has the best working environment and processes. He manages the implementation of business guidelines and strategies to ensure everything runs smoothly and in accordance with any guidelines. He joined Schomer Law Group in 2014 as an Estate Planning Paralegal and Marketing Coordinator and quickly rose to several supervisory and management positions. He joined Schomer Law Group with almost a decade of estate planning experience.

Cesar has received his Masters of Science in Integrated Design, Business and Technology from the University of Southern California.
Cesar Gil
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July 29, 2020
    

We need to update our Living Trust and attended Schomer Law Group’s seminar. Afterwards we made an appointment and were impressed by the attention Scott Schomer and Liran Aliav gave to our case answering all questions and making suggestions how to minimize the estate tax. All the office staff is very friendly and we highly recommend Schomer Law Group.

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July 29, 2020
    

Mr. Schomer does an amazing job at explaining all the intricacies of establishing a trust. He and his team help you every step of the way so you always know what to expect and what you are preparing for. Best education you can get and the best gift you can give your family.

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July 29, 2020
    

We put off getting a trust for years. After attending a seminar with Scott Schomer we realized that the time had come to get a trust. We were given very good reasons for why we should get a trust. No pressure, just the plain facts. We are very relieved and happy to finally get our trust. Scott and Cesar were very knowledgeable, helpful and listened to our ideas of what we had to say. Any questions that we have now and in the future they are available to assist us to solve them. I recommend the Schomer Law Group and I wish we knew about them years ago.

Phillip G.
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July 29, 2020
    

When you’re presented with an invitation to attend in a mailer, you may have reservations, this was a truly gift!! My wife and I were educated and guided through the process of creating a family trust.
Both of our parents had attorney’s that “worked” with wills/trusts, but came up short. Fortunately, the Schomer Law Group was there! This is a group of attorney’s that only specialize in estate planning, law, and financial advice, so you know you’re getting expert and personalized advice. This is the best money we’ve ever spent!! Thank you!

Bob L.
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July 29, 2020
    

We knew we had to update our 10 year old ( 20 page ) trust. After several detailed meetings, Liran and Cesar produced a large ( 300 pages + ) highly detailed trust document that we have used to make sure our family estate is well managed and clearly understood.
They were all very helpful in answering myriad questions and explaining all the various options…

We would strongly recommend the Schomer Law Group to anyone with an estate of even modest means, to assure proper planning…

Bob S.
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July 29, 2020
    

We had contemplated updating our will and starting a trust for a number of years. After attending a talk by Scott Schomer we realized we were long overdue and the potential downside of not having our affairs in order was significant. Scott and his excellent team made the process simple and seamless. They were great listeners, addressed all our concerns and even pulled and processed all the paperwork from our financial institutions. If you are looking for assistance with estate planning, wills and trusts, we highly recommend Schomer Law Group.

Robert F.
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July 29, 2020
    

Very competent & informative – friendly atmosphere – ready to answer the most mundane questions – relaxed.

Joan S.
Client Review
July 29, 2020
    

Mr. Schomer was excellent in getting our family trust and estate affairs in order. My husband and I had put off doing this and Scott really made the process easy! He is very passionate in making sure his clients get all that they need and we really appreciated it. I would highly recommend him and look forward to the many years he will be available to assist our family.

Kim

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