For those who consider probate (or avoiding probate) to be a significant issue, it is important to remember that probate is only a process to transfer assets. Regardless of whether probate is necessary or appropriate, the process should never become more important...
Perhaps because they do not understand the consequences, I have seen many people take “shortcuts” to avoid probate. Last post, I gave the example of parents who transfer their home to a child so that the home could be sold after the parents pass, without going...
As I have discussed in the last few posts, many people have been told they should avoid probate. Usually, they are told they need to avoid probate because of its cost. (Interestingly, most people have no idea what probate actually costs or what it should cost.) ...
I often ask attendees of my presentations if they have been told “probate” is something to avoid. Invariably, I see several heads nodding “yes.” Many are not sure why they are supposed to avoid probate. However, the most common reason I am told is that probate is...
“Probate” is a term most have heard, but few know what it means. Some know it has something to do with a Will, but don’t know how. More than a few have been told it is something to avoid, but are not sure why. What is probate? Probate is a process to help ensure that...
