Probate: A Process, Not a Problem
Anyone who has had a close friend or relative pass away has probably heard of probate, the process by which the estate of the deceased is inventoried and distributed according to state laws. While often maligned as a headache, in reality, probate offers a solid legal framework with advantages for those who have properly prepared prior to death and who have retained skilled legal counsel. Although having a will is an important beginning step in estate planning, more preparation is essential to leave behind an easy transition for family and others who will remain after death. In addition, there are other estate planning options that avoid probate. Living Trusts, for example, can be valuable tools in this process. Consult a qualified estate planning attorney to review the role of trusts and probate in any estate plan. The process of probate can be one with many advantages for the well-prepared individual. Engaging a qualified estate planning attorney with experience in probate issues will enable you to take the best pre-emptive steps to minimize taxes and legal wrangling for your executor, family and associates.
