We continue to have a lot of new and existing clients whose loved ones have died with real property interests in other state. They are often surprised when we advise them that in order to transfer title to those interests, they will need to file and go through that state's probate process. Typical out of state real property interests include vacation homes, beach condos, rental homes, ranches, farms, and mineral interests.
We get a lot of calls and emails from potential clients who state that our fees for legal services are too high, and they will just go online and use one of the popular online document preparation services to prepare their Will at a faction of the cost. It is true that our fees are higher than the online document preparation services sites. However, what most people don't consider is that we don't just fill in the blanks to prepare your new Will. We use our extensive knowledge and experience to analyze each client's personal situation, objectives and needs, and give advice and counsel relating to the best and proper way to handle their estate planning needs and objectives. Experience and expert counsel is what you are paying for, not just the preparation of a new Will or document.
Over the last few weeks several of our new clients have had questions about the probate process for real property located in other states. I wanted to share with you some basic information about the process to help you understand and plan for the impact of owning out of state real property.