What is Probate? Probate is probably a surviving relative’s worst nightmare. It may even be the reason why the deceased is tossing and turning in their grave. Probate is actually a legal process supervised by the court that dwells on the personal and financial situation of a decedent or a person who has recently passed away.
Executors and court-appointed personal representatives are tasked with administering the decedent’s assets to help determine any debt that still needs to be paid. They also represent the heirs during the process of validating the will left behind by the deceased. This legal proceeding is more complicated than it sounds. What makes it difficult is the fact that it may take more than a year for a probate proceeding to finish. During this time in which the assets are tied up, the heirs won’t get a single cent or a single piece of property. Imagine the stress that the surviving relatives must endure just to receive the inheritance that is rightfully theirs.
Another frustrating aspect of a probate is the huge amount of money that needs to be spent. These expenses include fees for the executor and personal representative. Not to mention the filing fees and other expenses necessary for the proceedings to commence.
If you really value your loved ones, it would be better to find other ways for them to get their inheritance without the annoyances of a probate. Consult with a brilliant lawyer who is knowledgeable in this field so you can be assured of your family’s future even after you are gone.
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