People often die unexpectedly and leave their property behind for them to serve their families. However, the property and money left behind by the deceased does not serve the families but rather it goes to people who may even have never met the deceased. The article below explains why people should insist on having an estate plan rather than having to hire a Family Probate after they have passed on.
The first main point is the expensive nature of the service. The process needs to involve lawyers and judges who will listen to the case and divide the assets accordingly only after paying the debts that the deceased had. Furthermore, the experts are first paid before the process even begins thus making it a very expensive process.
The process will also stall a lot. This is mainly due to the research taken by the experts to check on all the debts and taxes the deceased may have had while alive so as to have them repaid before assigning the assets to the relatives. The long ques of cases also delay its progress. As its progress delays, relatives who fully depended on the deceased may be suffering as they wait.
For people who want to have the deceased rest in peace will also find that the use of probates affects this completely, this is because the process will make all the dealings that the deceased had a public matter. Everyone will thus be able to know what the deceased used to do, from all the positive to the negative which also affects the relatives.
The publicity may also be toward the relatives themselves. This is often the case when some of the relatives do not agree on the manner in which the case is being handled often being the way the assets were assigned. The progress and protests by the relatives are usually documented online and can be accessed by anyone thus exposing them to the public for ridicule.
The expensive and lengthy trait of the probates process tends to bring out a high risk that the families may not receive anything that was left behind by the deceased and if they receive something, it is too low to help them survive for a long time. This is a very high risks as it leaves your relatives suffering although all the wealth you acquired was to ensure that they have a comfortable life.
After the cases and the relatives have received adequate wealth, there is always someone or some people who would want to swindle the kin of the deceased into giving out their property to them. The law does not take care of the kin after this thus they may be easily swindled into poverty. However, it is important to note that with the estate plan all this is taken care of.
The above are the main reasons as to why people should not consider leaving the role of distributing their wealth into probates. They need to come up with a will and hire a qualified estate planner to help them come up with tactics on how best to ensure that his or her property is secured for the kin and give them a comfortable life in case they die.
The first main point is the expensive nature of the service. The process needs to involve lawyers and judges who will listen to the case and divide the assets accordingly only after paying the debts that the deceased had. Furthermore, the experts are first paid before the process even begins thus making it a very expensive process.
The process will also stall a lot. This is mainly due to the research taken by the experts to check on all the debts and taxes the deceased may have had while alive so as to have them repaid before assigning the assets to the relatives. The long ques of cases also delay its progress. As its progress delays, relatives who fully depended on the deceased may be suffering as they wait.
For people who want to have the deceased rest in peace will also find that the use of probates affects this completely, this is because the process will make all the dealings that the deceased had a public matter. Everyone will thus be able to know what the deceased used to do, from all the positive to the negative which also affects the relatives.
The publicity may also be toward the relatives themselves. This is often the case when some of the relatives do not agree on the manner in which the case is being handled often being the way the assets were assigned. The progress and protests by the relatives are usually documented online and can be accessed by anyone thus exposing them to the public for ridicule.
The expensive and lengthy trait of the probates process tends to bring out a high risk that the families may not receive anything that was left behind by the deceased and if they receive something, it is too low to help them survive for a long time. This is a very high risks as it leaves your relatives suffering although all the wealth you acquired was to ensure that they have a comfortable life.
After the cases and the relatives have received adequate wealth, there is always someone or some people who would want to swindle the kin of the deceased into giving out their property to them. The law does not take care of the kin after this thus they may be easily swindled into poverty. However, it is important to note that with the estate plan all this is taken care of.
The above are the main reasons as to why people should not consider leaving the role of distributing their wealth into probates. They need to come up with a will and hire a qualified estate planner to help them come up with tactics on how best to ensure that his or her property is secured for the kin and give them a comfortable life in case they die.
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