what are the drawbacks in probate?

WHAT ARE THEDRAWBACKS OF

PROBATE?

LAST WILLS

The last will is the most COMMONLY USED estate

planning document

You can express your final wishes regarding the transfer of your assets with your will

A SIMPLE SOLUTION?

You may assume that your heirs receive their inheritances

quickly and efficiently when you use a last will

A will can seem like a very simple solution

The Process of Probate

In reality, things aren't as simple as they may seem

The last will must be admitted to probate before inheritances can

be distributed

Estate Administration

Probate is the legal process of ESTATE ADMINISTRATION

It provides certain protections, but there are some inherent

drawbacks

Time Consuming & Expensive

Probate is time-consuming

At minimum it takes months

Complicated cases can be stalled in probate for years

There are also considerable expenses that can accumulate

during the probate process

Loss of Privacy

Another drawback of probate is the loss of privacy

Probate records are available to the general public

Anyone who is interested could find out how you planned your

estate

Probate Avoidance Consultation

It is possible to arrange for future asset transfers outside of

the PROCESS OF PROBATE

To explore your options, contact our firm to schedule a free consultation

(317) 684-1100 www.FrankKraft.com