Probate can be a long and expensive process often seen as a last resort for distributing assets after you die. But there are ways to avoid probate. The estate planning team at Martin Attorneys, PA explores options to help you keep your family out of the courtroom.
What is Probate and Why Do People Want to Avoid It?
Probate is the court-supervised process of administering a deceased person's estate, which includes determining how assets are distributed to heirs. The probate process can take months, or even years in some cases, making it difficult for families dealing with the loss of a loved one. Additionally, court filing fees and legal costs associated with probate can add stress to an already difficult situation. For these reasons, many people plan ahead and make arrangements to avoid this costly and time-consuming process. This can help preserve the security and privacy of family members by keeping estate matters out of the public eye while ensuring assets are transferred quickly and efficiently at the time of death.
Benefits of Going Through Probate
Going through probate can be lengthy and complicated, but it is often necessary to ensure that a deceased person's assets are appropriately distributed. Probate offers two key benefits:
- It legally protects the estate during this period by preventing creditors from making claims against the estate or beneficiaries from taking unauthorized assets.
- It also helps to ensure that the deceased's wishes are followed with respect to how the assets are distributed and inherited.
Properly adhering to the probate process ensures that all remaining assets are protected and given to intended beneficiaries according to the terms of a will or trust.
How Can Martin Attorneys, PA Help with Probate Avoidance or Administration?
Martin Attorneys, PA understands how difficult it can be to go through the probate process, and we are here to help. Our experienced attorneys have the knowledge to guide you through this complex process as quickly and compassionately as possible. Whether you're looking for advice on avoiding probate or need assistance with administering a loved one's estate, our team is ready to provide expert advice every step of the way. Contact Martin Attorneys, PA so we can create a customized plan for you and your family. (479) 888-2039