One of the effects of estate planning is being able to avoid probate. Some people enter estate planning with the goal of avoiding probate. This process can be complicated and takes some time and energy. Before you decide that it is right for you, you may want to look at some things that avoiding probate can do for you.

Increasing the Privacy of Your Estate

Probates are a matter of public record by design. By setting up to avoid probate you do not have to file paperwork with the court; which is by default part of the public record. If there is a reason you wish to keep the settling of your estate private (such as disinheriting a relative) then avoiding probate can help to keep the details off the record books.

Keeping Costs Down

There are many fees that are associated with the probate of a will. This includes attorney fees, court costs, form filing costs and executor compensation. By avoiding probate of the will many of these charges can be avoided keeping the cost of settling your estate much lower than if you have to go through the probate process.

Keeping it Simple

Estate probate is a complex process. Your loved ones are going to be going through an emotional time as it is and may not be able to deal with the added burden of a probate.

If you need help setting up your estate to avoid probate, contact Stano Law group, your elder law experts.