Why You Want To Avoid Probate?

Probate is the legal process used to validate your will and settle your estate. It can be costly, take time, expose the details of your estate to public scrutiny, and freeze assets at a time when loved ones may need them most. Any assets that you can pass on without a will (by asset titling or naming beneficiaries) can go directly to heirs with no need to wait for the probate process.

Probate costs: 1%–6% of estate’s market value

Time required: 6–9 months minimum; can be 2 or more years on average.

So, what does this mean for my family?  This means…

1.)  Wasting time and money on probate court.

2.) Eliminating privacy – probate court is public record.

3.) Maximizes emotional stress on your family.

4.) Doesn’t protect from beneficiaries’ creditors, spouses, divorce proceedings, irresponsible spending and future death taxes.

5.) Allows the court to control inheritance of minor children. If you want to delegate specific amounts to money to children, your preferences are not considered. Everything is left for the courts to decide.