Probate Avoidance Tips for Estate Planning
Many people have heard of probate, and many of those who have heard of it know they should avoid it. But why would you want to avoid probate in the first place? What is probate, exactly? Is there a bare minimum of assets that require probate? Is probate still required even if you have a will? All of these are frequent concerns for any estate planning lawyer , and we want to address them in the following essay. What Does the Term "Probate" Mean? This is a straightforward inquiry with a potentially perplexing response. Probate is the legal process that follows someone's death (decedent). This legal procedure is supervised by the court. Multiple steps, court hearings, and attorneys are frequently involved. Probate entails demonstrating in court that the decedent's will is genuine, as well as identifying and inventorying the decedent's property, which includes both real and personal property, such as a home or a coin collection. The property will next be evaluated to