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What are the types of probate?

April 26, 2017probate types

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What are the types of probate?

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There are two types of probate: small/informal and large/formal. The type of probate is determined by the size of the estate. For estates consisting entirely of personal property of a total value of less than $15,000, together with a motor vehicle, an informal proceeding may be used instead of a formal one. An informal probate proceeding does not require notice, inventory or accounting where a formal proceeding does.