What is an Ancillary Probate?

We talk a lot about probate, but you may have also heard another term, ancillary probate.

An ancillary probate is a type of probate proceeding that would become necessary if you own property outside of the your home state. This property can either be real property or other tangible assets like boats or cars that are registered and titled in another state.

A major downside to this ancillary probate process is the added costs of having to administer more than one estate. Court, attorney, and accounting fees can add up quickly. This will be further complicated if you die without a Last Will and Testament. Due to the differing intestacy laws between the states, heirs in one state may not be the same heirs in another state.

If you own property in multiple state you may want to consider consulting with a professional estate litigation Lawyer at the offices of David A. Shapiro to find out what is the best way to include these properties into your estate plan.

*This blog entry was not written by an Attorney and should not be constituted as professional legal advice.

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