Estate & Wills

Probate: What It Is And How To Avoid It

Part 2  To spare your family’s time, cost, and stress associated with probate, our last article in...

Read more: Probate: What...

Part 2

 To spare your family’s time, cost, and stress associated with probate, our last article in part one of this series, “Probate: What It Is & How To Avoid It”, we explained how the probate process works and what it would entail for your loved ones. Here in part two, we’ll discuss the major drawbacks of probate for your family, and further outline the different ways you can help them avoid probate with wise planning.

Unless you’ve created a proper estate plan, when you’re gone, before any of your belongings are distributed, many of your assets must first pass through the court process known as probate. Like most court proceedings, probate can be time-consuming, costly, aggravating, and open to the public. Avoiding probate—and keeping your family out of court—should be a primary goal of most estate plans.

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