Is Probate Avoidance Possible?

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IS PROBATE AVOIDANCE POSSIBLE?
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Postmortem Realities
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Estate planning involves executing certain
legally binding documents
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However, the documents only provide instructions
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People must act after your passing to make your
wishes a reality
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Last Wills Probate
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You may assume that you should use a last will to
arrange for the transfer of your assets after you
die
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If you go this route, property will not be
distributed to the heirs until the estate has
been probated
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This is assuming your estate is worth more than
20,000
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Executor or Executrix
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The person who administers the estate is called
the executor or executrix. The Court will refer
to them as a Personal Representative.
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• A male estate administrator is an executor
• a female who assumes this role is called an
  executrix

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If you die using a will to state your final
wishes, the executor or executrix admits the will
to probate
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Probate Is Time Consuming
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While probate provides certain protections, there
are some negatives to consider
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One of them is the fact that probate IS
TIME-CONSUMING
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• It can take months or even years
• for probate to run its course

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The heirs to the estate don't receive their
inheritances until the estate has been probated
and closed
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Probate Can Be Expensive
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Probate is not free, there are innumerable
expenses that can pile up
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These would include court costs, publication
costs, attorney fees, accounting fees,
liquidation charges, and appraisal costs
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All of the money that is spent during probate
could have gone to the heirs under different
circumstances
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Can Probate Be Avoided?
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When you hear about all of the pitfalls that go
along with the probate process, you may wonder if
it can be avoided
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• THE ANSWER IS YES,
• a number of different probate avoidance
  strategies exist

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It is possible to arrange for a fast and
efficient transfer of assets to your loved ones
outside of probate
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Probate Avoidance Consultation
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If you live in Northern Nevada we invite you to
contact our firm to schedule a free consultation
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We have a thorough understanding of the probate
process here in northern Nevada, and we can
assist you as you explore your options
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Our firm offers FREE WEALTH PRESERVATION
CONSULTATIONS
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If you live in northern Nevada give us a call at
775-823-WILL to make an appointment
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www.Wealth-Counselors.com