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Money and accounts

What is probate and do I have to go through it?

Short answer

Probate is the court process that transfers assets from a deceased person to heirs. In California, it is required if the estate has more than $184,500 in assets not covered by a trust, beneficiary designation, or joint ownership. It takes 9–18 months…

What this usually means

Probate is the court process that transfers assets from a deceased person to heirs. In California, it is required if the estate has more than $184,500 in assets not covered by a trust, beneficiary designation, or joint ownership. It takes 9–18 months and costs money.

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