Estate Planning Myth 4 of 10 #4 If I have a will, I don’t have to worry about probate. This may be wishful thinking as probate can be a long and expensive process in which one or more courts decide who will inherit your assets. While a will provides the court with guidance on your wishes, it doesn’t actually avoid the process altogether. Since a will is public information, it can be easily contested in court, adding more time and cost. In addition, if you have real estate in more than one state, each property may have to go through probate in its respective state. The probate process usually takes 6-9 months before distributions can be made and the fees can add up very quickly in a probate. A probate can cost up to 26%+ of your Estate! You can avoid the probate process though! Find out more at our 7 Threats to Your Estate Plan Workshops. ChurchillWorkshops
Posted on: Fri, 16 Jan 2015 20:30:00 +0000
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