In and of itself, probate is not a bad thing. An experienced estate planning attorney can help you to understand that the probate court is there to oversee the disposition of estates in order to ensure legalities and fairness. If a will is invalid or you die without a will, although a long and difficult process, your family may very well be grateful for the assistance of the probate court in sorting out your asset and affairs. However, the best idea is t ensure your estate planning is taken care of and always up-to-date, that way, the probate court will have, ideally, limited involvement. The probate process is not something you will want your family to endure if it can be avoided.
- Probate is a lengthy process. It will drain your family’s time and energy and delay their inheritance.
- Probate expenses add up fast, especially with all those court costs and other fees. And your family members are the ones who will have to pay for this.
- The probate process is a matter of public record. Your business and your family’s business is no longer private.
- If you want to ensure your pets are handed over to whom you say and cared for on your terms and conditions, probate court is not the right place for this decision to be made. Considered property, the court may make a decision as to the care of your pet that is not in accordance with your wishes.
- Probate leads to family discord. If you fail to prepare a will and discuss your wishes with your family, odds are that many of them will operate on assumptions and may not only fight with one another over whom gets what, but will also fight over the decisions made by the probate court.
If you want to avoid probate problems, consult a qualified Vermont estate planning attorney and get your affairs in order today.