The Truth About Wills and Probate
Get The Answers You Need Now!
You’ll Learn Things Like:
- What Is A Last Will & Testament?
- What Happens if I Die Without a Will?
- What is Probate?
- Why is a Will Subject to Probate?
- What are the Advantages of Probate?
- What are the Disadvantages of Probate?
- Can Probate be Avoided?
- Is My Will Enough to Protect Me?
- What are the Alternatives to Wills and Probate?
- Can a Nursing Home Really Take Everything I Own?
- Is My Estate Large Enough to Worry About Estate Planning?
- What is the Best Way to Protect Myself and My Family?
What you don’t know about a will and probate, can cost you, or your family, time money and hassle. Get the facts – Be informed!
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Advantages and Disadvantages of Probate
Advantages
Public Forum
Probate provides a public forum to resolve disputes raised by creditors or disgruntled heirs.
Time Limits
Probate can limit the time for creditors or other claimants to file a dispute against the estate.
Disadvantages
Cost
Court costs, attorney fees and other probate expenses can consume as much as 3 to 8% of your entire estate
Delay
On average, the process of probate can take anywhere from 12-24 months to complete
Publicity
In most states, probate records are open to the public. Anyone can see who got what, how much, etc.
Lack of Control
Probate is a court supervised legal process. Your Executor must seek approval from the Court before taking any action.