06/24/2021
Attorney Carin Brio writes about avoiding probate.
First installment of the top FIVE reasons why having a Trust is bettern than a Will in your estate plan. Reason #1: Probate Avoidance! Did you know that having a will does not necessarily avoid probate? What is probate, you may ask? Probate is the court process of allowing the representative of the estate to administer a will and pay the decedent's creditors. This process can be costly and time-consuming, not to mention lengthy! The average estate will lose between 5-10% of its value through the probate process. Proper planning can help avoid all of this.