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One of the main purposes of estate planning is to avoid probate by determining your inheritors during life and structuring your assets accordingly. It isn’t unusual for the probate process to take six to eighteen months all this while a designated attorney charges upwards of $350 - $700 an hour to your estate. Avoiding probate can be the key to saving your heirs upwards of tens of thousands of dollars depending on the size and complexity of your estate.
The most effective cost saving, and asset protection strategies are the ones implemented prior to death. There are strategies that can still be applied following death, but they can be more limited. Our financial planners, who have extensive experience in this arena, will help you create a wealth transfer plan designed such that your assets can transfer quickly, efficiently, and cost free.
Please note: This content intended to convey general information only and not to provide legal advice or opinions. Please consult your legal professional for specific details about the probate process in your state.