What Are the Drawbacks of Probate?

The process of probate is something that you should be aware of when you are planning your estate. This process comes into play when you maintain direct and sole personal ownership of your property through to the time of your death. If you were to pass away with no estate planning documents at all, the probate court would step in. The situation would be evaluated, and your estate would ultimately be distributed using intestate succession laws. When you use a last will to state your final wishes, you name an executor or personal representative. After you pass away, the executor must admit the will to probate. During probate there is a proving of the will. The court will examine the will to determine its validity. Assuming the will is valid, the executor will pay final debts and prepare the assets for distribution to the heirs. Probate is in place to serve a certain purpose, but there are some drawbacks that go along with the process. Let s look at a few of them. Loss of Privacy When yo
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