Probate can be easily avoided, but most estates are dragged through the process because many people fail to create an estate plan.
As a result, assets end up at the mercy of a probate judge and open to public scrutiny.
“The best way to speed up probate is to avoid it altogether. Avoidance is the only way to eliminate probate delays. If properly drafted and funded, a Revocable Living Trust will avoid probate perils, stresses, and delays.” says Estate Planning Attorney, Maura Curran.
Here’s a few common reasons probate can take so long:
Too many beneficiaries
A family feud among the beneficiaries
Having an estate tax return outstanding with the IRS, and
Having an incompetent personal representative.
The best way to avoid these headaches is to work with an experienced estate planning attorney to draft a trust that matches exactly what you want done with your assets once you pass away.
The Curran Law Firm focuses on helping families through the complicated process of planning for family protection and preservation of assets.