It is an emotional time following the death of a loved one. Inheriting an estate…
3 Reasons to Avoid Probate
When a person dies, his or her estate may need to go through probate. If the decedent leaves a will directing how his or her property should be distributed after death, the will must be submitted to the probate court so that it can be approved as a valid document. During this process, all of the parties that have the legal right to notice will be informed of this proceeding. This will give them a chance to accept or object to the approval of the will.
Probate will occur if an individual leaves an asset in his or name alone. For example, if a bank account does not designate a beneficiary, or it is not jointly held, or it is not owned by a trust, then this asset must go through the probate estate of the deceased person.
There are various reasons why an individual would want to avoid probate, including time, money, and challenging family dynamics. Avoiding probate makes it easier for the Executor to manage the process and limits the opportunities for a will to be contested.
To learn more about how you can avoid probate and protect your assets, attend one of our educational seminars on this topic:
- Wednesday, September 13 from 12:00 pm – 1:30 pm at Southside Restaurant in Bay Shore
- Thursday, September 14 from 12:00 pm – 1:30 pm at Sergio’s in Massapequa
- Wednesday, September 27 from 12:00 pm – 1:30 pm at DaVinci’s in Island Park
Registration for these seminars is required. To register, please contact Marissa at 516-683-1717.
For additional seminars and events, please visit our calendar here.
This Post Has 2 Comments
My sister would like to hire an estate planning lawyer that will be able to help her write a Will because this will prevent her kids from experiencing probate case. Well, I agree with you that she should avoid the probate case because this will help the executor to manage the process. We also share the same dilemma that probate will happen if they fail to name the beneficiaries.
Thanks for reaching out to us.
If you are still in need of assistance, our law firm is available to assist you with regard to estate planning.
I will address any questions you may have regarding our legal services.
Please feel free to contact our office at 516-683-1717.
Please note this reply is informational only and not legal advice. You should seek the services of an attorney for legal advice.
Janet Corsetti, Client Service Coordinator