TAKE CONTROL OF YOUR MONEY AND ASSETS AND AVOID PROBATE
What happens to individuals who do not have an Estate Plan or die with only a will? The answer is unfortunate because their assets, money and estate will have to go through a judicial process called Probate. What makes Probate truly awful is that its expensive, time consuming and played out in public for all of your friends, neighbors and anyone else to see, including career criminals who prey on families going through it.
The probate process can also be emotionally draining, and painful for the loved ones of the deceased because it can take over a year to resolve. One way to avoid having your family and loved ones go through the misery of Probate is by having an Estate Plan in place that includes a Living Trust.
Your Money and Assets are Frozen While in Probate
Of course we can all agree that it’s better to die with a will rather than nothing at all so it can help the executor navigate the paper pushing bureaucracy of Probate. However, what you need to know is that during the time that an estate is held in Probate, bank accounts and assets are untouchable and unavailable to the deceased individual’s family and beneficiaries. In fact, the beneficiaries of the estate can be left feeling anxious and stressed out while the estate pays the debts, taxes, and everything else associated with traditional government bureaucracy. Unfortunately, no money or property will be available to the beneficiaries until the court decides that all matters are settled in Probate, which in some cases, can take over a year. How can you pay all of your bills if the family money is tied up in Probate court for over a year? You can’t which is why you should call us today.
If you and your loved ones want to avoid the pitfalls of Probate, call Senior Citizen Lawyer today for your Free and Confidential Probate Avoidance Consultation (916) 407-0528.