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How do I know whether to choose formal or infomral probate? |
How do I know whether to choose formal or informal probate? This is a decision that you should make after consulting with your attorney. There are a number of factors to be considered in choosing the type of probate appropriate for the decedent’s estate.
Among those factors are:
- The size, nature, and value of the estate
- The complexity of the issues in probating the estate
- Whether there are disputes among the heirs
- The number, type, and debt owed to creditors
- Whether real estate is involved
- The lack of a personal representative
- Insolvency of the estate
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