What Is The Best Way To Protect Your Estate From Probate?
What is the best way to protect your estate from probate?
The best way to protect your estate from probate is to keep it simple. If you are the primary beneficiary of your estate, and the executor, you may be tempted to fill out all the paperwork involved with a will. However, those pieces of paper could make a mess of things when it comes to actually getting your estate into the hands of those who would inherit it.
Probate is the legal process that happens after a person dies where an executor gathers up all the assets, pays off any debts, and distributes them according to the will. As an example, let's say you own a house together with your brother and want him to get full ownership after you die. If you leave him everything in your will, he'll have to go through probate when you die just as if he were inheriting from his parents. The extra paperwork involved can be costly and time-consuming for everyday life as well as for administering an estate. Instead, make sure that both you and your brother are on the title to the house so that once one of you dies, there is no question about who gets what. This process can also be done for bank accounts and other property like cars or furniture.
If you have any questions or need an Estate Lawyer, please call this law firm for a free consultation.
Ascent Law LLC
8833 S Redwood Road Suite C
West Jordan UT 84088
(801) 676-5506