What are the Drawbacks of Probate

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What Are the
Drawbacks of Probate?
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Last Wills
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The last will is the most COMMONLY USED estate
planning document
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You can express your final wishes regarding the
transfer of your assets with your will
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A SIMPLE SOLUTION?
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You may assume that your heirs receive their
inheritances quickly and efficiently when you use
a last will
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A will can seem like a very simple solution
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The Process of Probate
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In reality, things aren't as simple as they may
seem
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The last will must be admitted to probate before
inheritances can be distributed
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Estate Administration
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Probate is the legal process of ESTATE
ADMINISTRATION
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It provides certain protections, but there are
some inherent drawbacks
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Time Consuming Expensive
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Probate is time-consuming
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At minimum it takes months
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Complicated cases can be stalled in probate for
years
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There are also considerable expenses that can
accumulate during the probate process
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Loss of Privacy
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Another drawback of probate is the loss of privacy
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Probate records are available to the general
public
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Anyone who is interested could find out how you
planned your estate
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Probate Avoidance Consultation
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It is possible to arrange for future asset
transfers outside of the PROCESS OF PROBATE
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• To explore your options, contact our firm to
  schedule a free consultation

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[phone] www.FrankKraft.com