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Even if theres no Will, a simplified probate procedure known as a summary probate is possible if any estate is valued at $100,000 or less. You may also be able to use an Affidavit, which would allow you to transfer assets directly to beneficiaries and inheritors if an estate is worth less than $100,000 in value.
Probate in Hawaii is necessary when a person dies owning any real estate in his or her name alone, no matter how small the value of the real estate. Probate is also required when the total value of all personal property owned in his or her name alone is worth more than $100,000.
Hawaii statutes allow up to five year for probate to be filed after a persons death. However, it is prudent to file as soon as possible to ensure all assets are maintained and all debts are paid.
How Much Does Probate in Hawaii Cost? Depending on the value of the estate assets, probate can cost anywhere from 3 percent to 8 percent.
All the fees and the final, total cost can average anywhere between three to seven percent of the estates value for a basic, simple probate.
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Some probate specialists and solicitors charge an hourly rate, while others charge a fee thats a percentage of the value of the estate. This fee is usually calculated as between 1% to 5% of the value of the estate, plus VAT.
A Hawaii small estate affidavit can be used to bypass probate and court appearances in the distribution of a small estate. The form can be used by a successor to quickly and efficiently gather and distribute the personal property of a decedent whose estate is worth less than $100,000.
In Hawaii, if a person dies owning real estate in their own name or if the total value of personal property is worth more than $100,000, their estate must be probated.
In Hawaii, if a person dies owning real estate in their own name or if the total value of personal property is worth more than $100,000, their estate must be probated.
Living trusts In Hawaii, you can make a living trust to avoid probate for virtually any asset you ownreal estate, bank accounts, vehicles, and so on. You need to create a trust document (its similar to a will), naming someone to take over as trustee after your death (called a successor trustee).

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