Most people have been told that it is important to create an estate plan and to avoid the probate process. Unfortunately, they don’t truly understand why it is important. As a result, it is common for individuals to postpone estate planning because they think “I’ll get to it,” or they incorrectly believe that the estate plan they have will circumvent the probate procedures.
Probate is the process used by the courts of law to administer the estate of a deceased person. The probate court provides the means for all claims against the estate to be administered and the assets of the deceased person to be distributed according to the terms of the Will or as provided by law if no Will was left by the deceased individual.
Below are the two primary reasons you should ensure that your estate plan will allow your estate to be administered outside of probate:
Each probate case is unique and there are a variety of other reasons you may want to avoid the probate process. However, by creating a comprehensive estate plan now, you can save time and money, as well as ensure that the people you love the most are protected.
Whether you have a will or a trust or nothing at all, we, at The Law Office of Diane Anderson, can help you navigate probate and trust termination. This may include assets, debt, tax debt, guardianships and more. Contact us today to schedule a comprehensive consultation.