Probate is a process in which the court takes control of a deceased individual’s estate at the time of their death. This process is lengthy and expensive, however, it is only initiated if the decedent left real estate, or other assets valued over $150,000 and did not have a trust in place. A Probate can cost 5-10% of the gross estate and the process can take 6 months to 2 years from the time of the individual’s death.