Many people believe that probate should be avoided at all costs. However, this is not true. In fact, some may spend more time and money trying to avoid probate than they would if they had simply followed the normal course of the probate administration process.
After the death of a loved one, those left behind often feel overwhelmed with the details involved in wrapping up the deceased's affairs. This is especially so for those appointed as estate executors.
People treat the probate process as if it is as inevitable as, well, death and taxes.
We have been posting a number of blogs regarding probate issues over the past few weeks. Today, we'll discuss life insurance proceeds.
In the last episode of our "How to Avoid Probate" series, we discussed how co-ownership is an effective way around the probate process.