Probate is the procedure of transferring assets when someone passes away. This is a court overseen process that distributes the legal title from a person who died to those of their rightful heirs or beneficiaries. This is necessary to protect the rights of the estate. The orderly transfer of property is accomplished once the estate property and debts are administered. If you have questions about this, need guidance, or want to protect your estate from undergoing probate, then we suggest contacting our St. Charles, MO probate attorney as soon as possible. Our team at Legacy Law Center was founded in 2012 with the purpose to provide seniors, families, and veterans with quality estate planning services. Contact us today if you would like to learn more!
What The Probate Process Does
Probate is the legal process of proving the validity of a deceased person’s will, and managing how the estate gets administered based on its terms. While drafting the will, the decedent would have chosen someone to handle the will instructions. As our probate lawyer explains, this person is called the executor, and it is their duty to make an inventory of assets, pay debts and taxes, value and sell assets, and transfer remaining assets to beneficiaries, among other tasks. When the estate has a will, beneficiaries are required to go through the process of probate. Generally, this is overseen by the court. However, as our probate lawyer knows, this proceeding can be complex or simple depending on the size and nature of the estate.
How You Can Bypass Probate
Probate can be a time-consuming and expensive process, so many people work on their estate plan in a way that allows them to bypass this proceeding. While it is possible to do so, only through proper planning ahead of time can this be done. You can avoid probate by creating a living trust, having joint ownership of property with a partner or spouse, and naming beneficiaries for investments, retirement plans, and bank accounts. If your loved one has accomplished this, then probate may be avoidable. It is in the best interest of your estate to work with our probate lawyer who can offer guidance. Our St. Charles probate attorney can make sure that your estate plan is legally-binding and all of your obligations have been met.
Legacy Law Center
Whether you are expecting to go through probate or want to take measures now to prevent it from happening later, you can achieve more peace of mind by having our St. Charles probate attorney guide you. At Legacy Law Center, we are experienced in helping our clients with their probate and estate planning needs. We know the laws can be difficult to understand, and there are certain steps you must take for your documents to be legally effective. We can share strategies with you so you are confident about your legacy being protected now and into the future. Please consider speaking with our team today so we can assist you. We are glad to hear from you!
