Perhaps the worst decision we can all make is to die without leaving a valid Last Will & Testament. That is to die Intestate if you own more wealth in the form of property, possessions and financial products than the debts you owe. The inheritance of your Estate Assets are then distributed according to the law as assigned by Probate Court, rather than to whom you might have chosen to Will them to. In the worst case scenario if there are no persons legally qualifying, that remain alive, your assets could bel
Probate court is a long and slow process, but can be a necessary one. Going to probate court addresses the assets of an individual’s estate when they pass away. One of the primary goals of estate planning (wills, trusts, etc.) is to avoid probate. The creation of these documents not only save time for the next generation inheriting such assets, it also cuts the costs and attorneys fees associated with probate.