Question 8

8. If you own property in more than one state, have you avoided those extra probate expense exposures?

    In addition to potentially high probate fees already discussed (see question 4), if you own property in more than one state (e.g. a vacation home in North Carolina, investment rental property in Pennsylvania, inherited property in New Jersey or a time share in Florida) then your estate must go through probate in each of those states. This only serves to guarantee extra time and expense involved in a multi-state probate. Again, all this is avoidable with proper estate planning. You can have your estate avoid probate no matter how many states where you own property.

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