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The longer the probate process drags on, the more expensive it will be regarding probate costs. Probate is often a time-consuming process. A modest estate may take six to 24 months to settle.
Avoidance of probate costs: A TOD account can help heirs avoid some probate-related expenses. However, it’s important to note that it doesn’t protect against an estate’s debts.
States also have the option to recover costs of all other Medicaid services for people who are 55 or older and have a separate option to extend the recovery beyond probate estates. That is known as "expanded estate recovery." [2] [3] [4]
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Sources. Average US Mortgage Debt Increases to $244,498 in 2023, Experian.Accessed July 18, 2024. 2024 Wills and Estate Planning Study, Caring.Accessed July 18, 2024.
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The Idaho Department of Correction paid $50,000 for 15 grams of pentobarbital, according to a purchase order for the execution drugs obtained by the Idaho Statesman through a public records request.