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Renunciation of Legacy to Give Effect to Intent of Testator Form

Renunciation of Legacy to Give Effect to Intent of Testator Form

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Because the world ditches in-office working conditions, the execution of paperwork more and more takes place electronically. The renunciation of legacy to give effect to intent of testator form isn’t an any different. Handling it using electronic tools differs from doing so in the physical world.

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what if I die and my house is only in my name well when that happens if you haven't done any planning it will go to the people that California says it goes to by default which is typically your children the problem is it's going to go through probate probate is the court process to settle an estate when somebody dies and they have assets just in their name probate takes anywhere from 9 to 18 months to get through it's very expensive probate fees are set as a percentage of the estate so if your home is worth a million dollar those fees are around $23,000 that's going to be paid to the attorney Court filing fees newspaper publication fees Bond fees when all said and done it's $25 $30,000 that could have gone to your kids they're not going to be able to sell it right away they're going to have to wait for the court to give them authority to sell it it's really a big mess I'm not saying you should put your kids on your

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