4 Reasons to Avoid Probate
– Privacy Issues: your assets and beneficiaries become public record after probate proceedings
– Expensive Legal Fees: court and attorneys are on the rise every year and they are significantly higher than fees for settling trusts.
– Judge Approves: all decisions regarding the deceased’s affairs must be approved by a judge, which often takes long periods of time, since you are at the mercy of the court’s schedule.
– Lack of Quick Access to Cash: probate can take a long time to process while bills tied to loved one’s passing have to be paid. Assets in the probate cannot be distributed until case is closed.
Losing a loved one is stressful enough, bypassing probate allows timely access to resources while fulfilling the deceased’s wishes so family members can move on with their own lives.