Avoiding probate is a common estate planning method and can be helpful in some ways. If you have large assets or complicated property ownership structures, then getting everything transferred without going through court proceedings could save time and money on your end-of life plans. Additionally, there are other times where probate isn’t necessary like small estates with few assets involved.
It can be a tough decision to decide who inherits your property after you die. There are various ways that people want their assets divided; consulting with an experienced Estate Planning Attorney can help you navigate tough decisions concerning your estate goals.
The Living Trust: A Safe Way To Avoid Probating Assets At Death
A properly drafted will can eliminate some of the steps otherwise required in a probate proceeding. Probate laws are different from state to state, but many wills have been found to be effective at avoiding this process altogether by transferring assets into an estate that passes under your name after death instead through what’s known as “probating.” However, if you die without one or make other mistakes regarding ownership then there may not actually any value passed on from yourself during these proceedings which could result either way depending on how complex it gets with each specific jurisdiction’s rules–so do plenty of research first.