Problems with Probate

Problems with Probate

Many people have heard they should avoid probate, but few understand what probate is and how the process works.

What is Probate?

Probate is the legal process that wraps up a person’s legal and financial affairs after their death. During the probate process a person’s property is identifies, cataloged, and appraised. In addition, probate makes certain any outstanding debts and taxes are paid. It can be a complex process, filled with very specific legal requirements.

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Estate Planning Tips

Estate planning is something that is often brushed aside. But planning ahead could put your loved ones in a much better position, as it is a crucial task for long-term investing and creating a secure financial future. For instance, if taxes are an issue for you, your estate planning can limit the amount of money your beneficiaries owe. Here are a few tips to guide you through the process.
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