Have You Taken Steps to Avoid Probate?
By: David A. Ruben, Esq.
Did You Know:
If you are a Florida resident and die with assets titled in your individual name without a beneficiary designation, your loved ones will almost certainly have to go through the time and expense of a probate administration at your death!
Did You Also Know:
If you take some relatively simple steps during your life, probate can be entirely avoided!
Probate is the court-supervised process of establishing the validity of your Will, resolving any claims against your estate and distributing the remaining assets in your estate. Any assets titled in your individual name without a beneficiary designation will require a probate administration.
Assets in your individual name without a beneficiary designation will be disposed of by your Will. However, your Will is not a valid document until its validity has been established through a probate administration.
Probate can be avoided with some relatively simple planning during your life. Our estate planning attorneys can assist you in the process of establishing a revocable living trust and re-titling your assets.
Don’t put your loved ones through the time and expense of a probate administration.
David A. Ruben is an attorney in WWMR&G’s trusts and estates department. He advises individuals and families on sophisticated estate planning and wealth preservation strategies. David is a frequent author and speaker on various estate planning topics.Share