PowerPoint Presentation: ESTATE PLANNING FAQ: Can Probate Be Avoided?
PowerPoint Presentation: Last Wills & Probate 1
PowerPoint Presentation: The most commonly utilized vehicle of asset transfer in the field of estate planning is the LAST WILL
PowerPoint Presentation: It can seem as though this is the simplest way to transfer assets
PowerPoint Presentation: However, when you use a will the process of probate is a factor
PowerPoint Presentation: What Is Probate? 2
PowerPoint Presentation: Probate is a legal process
PowerPoint Presentation: The executor of the estate admits the will to probate
PowerPoint Presentation: The probate court supervises the administration of the estate
PowerPoint Presentation: The heirs to the estate don't receive their inheritances until the estate HAS BEEN PROBATED
PowerPoint Presentation: How Long Does It Take? 3
PowerPoint Presentation: Probate does not run its course overnight .
PowerPoint Presentation: The exact duration of probate will vary depending on the complexity of the case
PowerPoint Presentation: Simple cases will take months
PowerPoint Presentation: Complicated cases can take years Simple cases will take months
PowerPoint Presentation: Is Probate Free? 4
PowerPoint Presentation: Probate comes with some significant costs in many cases
PowerPoint Presentation: There are court costs, attorney fees, accounting charges, appraisal expenses, and executor fees
PowerPoint Presentation: These can add up to consume a noticeable percentage of the estate
PowerPoint Presentation: Is It Possible to Avoid Probate? 5
PowerPoint Presentation: PROBATE CAN BE AVOIDED if you take the appropriate steps in advance
PowerPoint Presentation: There are a number of different probate avoidance strategies that can be implemented
PowerPoint Presentation: The optimal course of action will depend on the circumstances
PowerPoint Presentation: What Probate Avoidance Strategy Is Widely Recommended? 6
PowerPoint Presentation: The most effective probate avoidance strategy for many people will be the creation of a REVOCABLE LIVING TRUST
PowerPoint Presentation: With these trusts you don't surrender control of the assets while you are living
PowerPoint Presentation: After you pass away, the beneficiaries receive distributions from the trust OUTSIDE OF PROBATE
PowerPoint Presentation: San Jose CA Probate Avoidance Consultation
PowerPoint Presentation: If you would like to discuss probate avoidance with a local San Jose CA estate planning lawyer contact our firm at (408) 356-9200 TO REQUEST A FREE CONSULTATION
PowerPoint Presentation: Click to visit: www.attorneyoffice.com