Do You Want Your Estate Affairs to Be Made Public?
When creating your estate plan, it’s important to think about the probate
process to determine if you want your affairs to be handled in this manner.
Did you know that if your assets go through the process of probate, your
affairs are made public? This makes it very easy for individuals to learn
more about your personal life and your finances.
Take a look at some of the information to learn more about probate and your
privacy. If you have any questions, or if you’d like to include probate
avoidance methods in your estate plan, meet with an estate planning
The probate process is public. This means that all information that is
shared in your probate proceeding will be accessible in public records.
Many people choose to avoid the probate process entirely so that their
financial and personal affairs are kept private.
Individuals are able to go to a court house in order to get public
probate records. Anyone is able to have access to these documents
which means that any person is able to learn about your finances and
other aspects of your personal life.
Many courthouse records are now available online, so anyone in the
entire world can access the probate filings.
There are also other negatives to the probate process. This includes the
The probate process will take a long time. This is because there are
many duties and the process is supervised by the court. It’s often a
“hide and seek” game when trying to find assets.
Beneficiaries are unable to receive inheritances for a significant
period of time. This is because the process of probate is extremely
Probate can be very costly. Because the process take a significant
amount of time to complete, there are often many court costs that
must be paid.
Before creating your estate plan, carefully consider the disadvantages to
probate. Talk with your estate planning attorney to learn ways to keep your
assets out of probate. If you have any questions about probate or if you need
help with your estate plan, consult with a qualified estate planning attorney.
Experienced estate planning attorneys Mobile AL of the Ryan Hicks
Cumpton & Cumpton LLP offers estate planning and business planning
resources to residents of Mobile AL. To learn more about these free
resources, please visit www.epattorneys.com today.