Guides you step by step to create your customized estate plan.
Thousands of hours went into the creation of these documents and the software platform to make it so easy, anyone can do it.
We combined a team of technology experts with Expert Estate Planning attorneys to create a new technology to bring Comprehensive Estate Plans to everyone.
Documents written by expert estate planning attorneys customized to fit your needs. Our attorneys have worked tirelessly to make sure these documents are compliant in all 50 states. So you can have a comprehensive estate plan, and know that it was done right!
Probate can take several months to years to complete, delaying the distribution of assets to beneficiaries. This prolonged process can be stressful for heirs who may need access to funds or property immediately.
The probate process can be emotionally taxing for grieving family members. Dealing with legal proceedings and paperwork while coping with the loss of a loved one can add significant stress and emotional strain.
Probate involves various fees, including court costs, attorney fees, and executor fees. These expenses can significantly reduce the value of the estate that is ultimately passed on to the beneficiaries.
During probate, assets may be temporarily frozen until the court grants permission for their distribution. This can cause financial hardship for beneficiaries who might need immediate access to funds for living expenses, debts, or other urgent needs.
Probate proceedings are a matter of public record, meaning details about the estate, its assets, and the beneficiaries become accessible to the public. This lack of privacy can lead to unwanted attention or disputes.
During probate, the court oversees the distribution of assets according to the will or state law if there is no will. This limits the control the deceased had over how their estate is managed, potentially leading to outcomes that do not align with their wishes.
Wills are simpler and less expensive to set up but go through probate, which can be time-consuming and public.
On the other hand, someone might need a trust if wish to avoid probate, want to manage or protect assets during their lifetime, or set up specific conditions for asset distribution. Trusts offer more control, privacy, and can provide tax benefits but are typically more costly to establish and maintain.
WALL STREET JOURNAL SMART MONEY MAGAZINE, JANUARY 2012.
"If you have some assets (maybe just a car and some nice furniture) or minor children, you still need an estate plan
-- even if taxes are not an issue. "
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