Probate – Should You Avoid It When Possible
Probate is a legal process by which the court establishes the validity of a will; or if no Will, the heirs-at-law. The Court determines the value of the estate; resolves issues with payment of creditors, taxes, and other debts; disputes between the beneficiaries, and then orders distribution of the net assets. But it does have some drawbacks. Probate is a public process, so financial privacy goes out the window. Probate also usually lasts 6-12 months, due to certain Statute of...Read More