Three Types of Probate

Three Types of Probate

When you think of probate many think there is only one style of probate when there are actually three types of probate.

First is the supervised probate. This is when the courts take an active role in approving each and every transaction. Because of the time required by the courts this will be an expensive method.

Second is unsupervised. The court will not take as much involvement into the transaction in the probate unless the values exceed the courts limits.

Lastly is small estate. Small estate probate, depending on the state, is available from ranges of $1,000 to $100,000. Because of the size of the transactions the court takes minimal involvement which allows for transfer of ownership much faster. This is also the cheapest probate as long as the deceased had no real value to their name.


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