Probate court is often slow and costly, and will always cause unnecessary hardship to grieving loved ones. However, with proactive estate planning you can avoid it. Here are six tips to help your loved ones avoid the cost and hassle of probate court when the time comes.
What Is Probate?
Probate is a legal process by which a deceased person’s assets are distributed, final wishes are carried out, and debts are settled. It is a court-supervised process in which the court validates the will, appoints an executor and distributes assets. This process can take time and can be expensive. There are many reasons why avoiding probate court is advisable; here are the three most common.