315 West Edmond Road,
Probate is the legal process that wraps up a person’s legal and financial affairs after their death. During the probate process a person’s property is identified, cataloged, and appraised. In addition, probate makes certain any outstanding debts and taxes are paid. It can be a complex process, time consuming and expensive. In addition, Probate is a matter of public record and does not ensure privacy. Here’s a partial list of assets they may avoid probate: Property held in a trust, jointly held property (but not common property), death benefits from insurance policies (unless payable to the estate), property given away before you die, assets in a pay-on-death account, Retirement accounts with a named beneficiary.
Ascertaining the value of your business is important for a variety of reasons.
A letter of instructions provides additional and more personal information regarding your estate.
Estimate how many years you may need retirement assets or how long to provide income to a surviving spouse or children.