Probate
Probate is the review or testing of a will before a court of law to ensure that the will is authentic. Also, the process by which an executor (if there is a will) or a court-appointed administrator (if there is not a will) manages and distributes a decedent’s property.
Probates can become costly. Seek the advice of your O.W.D estate planning & elder law attorney to discuss probate.
Should I avoid probate?
You most likely will want to avoid probate, if possible. Probate can tie up assets, expose assets to creditors, result in a loss of privacy to your family and cause your family considerable expense. An O.W.D estate planning & elder law attorney can assist you in making your private life private.