7 Clever Ways Your Estate Can Avoid Probate (Legally!)
Probate is what happens after someone passes away. It’s the legal procedure where a court makes sure that everything that belonged to the person who passed away (their assets) gets shared the right way. The court also makes sure any outstanding debts and taxes get paid. Most of the time, when someone dies, their estate has to go through this process.
But here’s the thing: the probate process can cost a lot. There are court fees, lawyer fees, filing fees, accounting fees… you name it! Before you know it, the bill can run up to thousands of dollars. And it’s not just expensive, it can take a long time too.
It’s a tough situation for your loved ones to be stuck in lengthy legal stuff while they’re also dealing with their loss. So, it’s worth exploring some ways to help your estate avoid the probate process. In this video, we chat about a few!
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Originally published November 29, 2023