Title: Is Probate Avoidance Possible?
1IS PROBATE AVOIDANCE POSSIBLE?
2Postmortem Realities
3Estate planning involves executing certain
legally binding documents
4However, the documents only provide instructions
5People must act after your passing to make your
wishes a reality
6Last Wills Probate
7You may assume that you should use a last will to
arrange for the transfer of your assets after you
die
8If you go this route, property will not be
distributed to the heirs until the estate has
been probated
9This is assuming your estate is worth more than
20,000
10Executor or Executrix
11The person who administers the estate is called
the executor or executrix. The Court will refer
to them as a Personal Representative.
12- A male estate administrator is an executor
- a female who assumes this role is called an
executrix
13If you die using a will to state your final
wishes, the executor or executrix admits the will
to probate
14Probate Is Time Consuming
15While probate provides certain protections, there
are some negatives to consider
16One of them is the fact that probate IS
TIME-CONSUMING
17- It can take months or even years
- for probate to run its course
18The heirs to the estate don't receive their
inheritances until the estate has been probated
and closed
19Probate Can Be Expensive
20Probate is not free, there are innumerable
expenses that can pile up
21These would include court costs, publication
costs, attorney fees, accounting fees,
liquidation charges, and appraisal costs
22All of the money that is spent during probate
could have gone to the heirs under different
circumstances
23Can Probate Be Avoided?
24When you hear about all of the pitfalls that go
along with the probate process, you may wonder if
it can be avoided
25- THE ANSWER IS YES,
- a number of different probate avoidance
strategies exist
26It is possible to arrange for a fast and
efficient transfer of assets to your loved ones
outside of probate
27Probate Avoidance Consultation
28If you live in Northern Nevada we invite you to
contact our firm to schedule a free consultation
29We have a thorough understanding of the probate
process here in northern Nevada, and we can
assist you as you explore your options
30Our firm offers FREE WEALTH PRESERVATION
CONSULTATIONS
31If you live in northern Nevada give us a call at
775-823-WILL to make an appointment
32www.Wealth-Counselors.com