Fixed fee probate service is the norm in most cases. Probate is one of the few areas of the law where the work on a case is predictable. Therefore, the price for probate service is also predictable.
There are generally four types of probates in Wyoming.
Affidavit of Survivorship
This is a case where property is owned as joint tenants with rights of survivorship. When one of the owners pass away, their ownership interest goes to the surviving owner or owners.
These affidavits work for both personal property and real property, such as:
- You own a car with your spouse or parents, and the title has both your names on it, AND also something like JTOWRS, Joint Owners. If it doesn’t state that, then you probably need to do an affidavit for distribution.
- You own a house with your spouse, parents, or children, and the deed has all your names on it, AND also something like “husband and wife,” or “as Tenants by the Entireties,” or “as Joint Tenants.” JTOWRS, Joint Owners. If the deed does not say anything like that after your names, or if it says “as Tenants in Common,” then you probably need to do a Petition for Distribution or a full probate, depending on the value of the real property.
Our firm, and most other law firms, will handle an affidavit for distribution on a fixed fee basis. Please click on the following link to see our fees for an affidavit of distribution.
Affidavit for Distribution
This probate procedure is used to distribute personal property. For instance, your father passes away and leaves a car or a bank account that is only in his name. If his estate is worth less than $200,000, then his personal property can be probated by this affidavit, whether he had a will or not.
This is a pretty simple process, so long as all of the heirs can be found, and are willing to sign the affidavit.
Basically, the affidavit sets out the name of the decedent, who his heirs are and who should get the property. It is signed by all of the heirs in front of a Notary, and then it is recorded with the County Clerk. The recorded affidavit can then be used to get new titles, and to cash out bank accounts.
However, if the estate (including any real property) is worth more than $200,000, or if you can’t find all of the heirs to sign the affidavit, you will probably have to do a full probate.
Petition for Distribution of Real Property
This is another summary probate procedure, but it is used to distribute real property. For instance, your father passed away, and left a house or piece of land that is only in his name, or in his name and and someone else’s, but as joint tenants. This process can only be used if the estate is worth less than $200,000, including any personal property.
Basically, you file a petition to distribute the property to the heirs with the Court, along with a report of appraisal on the property. The petition is then set for a hearing, and a Notice of that hearing is issued by the Clerk of Court.
The Notice is then published in the paper two times, to give anyone an opportunity to object to the proposed distribution of the property. If no one objects, the Court will issue an Order Distributing Real Property. That order is then recorded with the County Clerk.
Our firm has a fixed fee for a petition for distribution, if there is no objection. If there is an objection, then the cost of that representation will have to be quoted, based on the objection.
Formal Probate in Wyoming
This is the probate that most people think about. It usually takes at least six months, and will usually cost at least $4,500. However, the attorney fees are generally fixed, and are based on the value of the estate.
Conclusion
As you can see, most probates in Wyoming can be handled on a fixed fee basis. Even if the fees are not fixed, they are predictable.
To learn more about probate in Wyoming, please schedule a consultation on line, or call 307-382-5545.
By Steve Harton