The term signifies a tool, often found online or as a downloadable application, designed to estimate the costs associated with the legal process of administering the estate of a deceased person in the state of Missouri. This estimation typically considers factors such as the gross value of the estate’s assets and potentially other administrative expenses. For example, if an estate comprises real estate, bank accounts, and personal property totaling $300,000, the calculation attempts to forecast the expected court and administrative costs.
Accurate cost projection holds considerable value for estate executors and beneficiaries. Understanding the potential financial obligations allows for better budget management, facilitates informed decision-making regarding estate administration strategies, and can prevent unexpected financial burdens. Historically, obtaining precise cost estimates required extensive research and consultation with legal professionals; this type of resource aims to provide a readily accessible preliminary assessment.
