Why You Should Avoid A Family Probate

August 28, 2017 | Author: | Posted in Legal

People often die unexpectedly and leave their property behind for them to serve their families. However, the property and money left behind by the deceased does not serve the families but rather it goes to people who may even have never met the deceased. The article below explains why people should insist on having an estate plan rather than having to hire a Family Probate after they have passed on.

For many people, the expensive nature of the process is the first factor that gets many people wary of the system. The process will involve having to pay the experts who will be involved in the case. This money tends to come from the assets of the deceased. Furthermore, the process ensures that the debts are all repaid without considering if any will be left over for the family rather than using other methods to solve the debts.

Then process takes a very long term for it to be fully completed. This is a huge negative factor for the relatives if their financial assistance was managed by the deceased. This means that they suffer waiting to receive their rightful inheritance. Delays are often due to research on debts or taxes of the deceased and other cases in line.

Publicity is a common characteristic of the probates system. This is because every step in the process available to the public. The process will thus expose everything about the deceased. Some of them may be very negative and will tarnish their image. This tends to cause negative mixed emotional feelings to the relatives regarding the deceased which may be positive or negative.

the publicity not only targets the deceased but also the relatives as well. This is in case the relatives fight over the assets, then the issue will be publicly declares which tends to highly shame the relatives although they may be just in their appeals. Worst of all is the fact that all the proceedings of the case are recorded in a computer online thus anyone can download and access them easily.

In some cases, the longtime taken to complete the process as well as the added finances it incurs has resulted in some relatives receiving very little amount of money or assets or even nothing from the deceased. The assets thus end up in the pockets of people who barely knew the deceased as the families that the deceased struggles to provide for languish in poverty.

After the cases and the relatives have received adequate wealth, there is always someone or some people who would want to swindle the kin of the deceased into giving out their property to them. The law does not take care of the kin after this thus they may be easily swindled into poverty. However, it is important to note that with the estate plan all this is taken care of.

Relying on probates to deal with cases involving inheritance is thus often the wrong choice. The best option is for people to always have a will they have written in advance to take care of such matters. Estate plans are even a way better option. With these two factors, the relatives will not grieve and mourn further on after the death of their loved one.

Find a list of the advantages you get when you consult a family probate attorney and more info about a reliable lawyer at http://www.teferalaw.com/dallas-bankruptcy-lawyer.html today.

Article Source

VN:F [1.9.22_1171]
Rating: 0.0/10 (0 votes cast)
Comments Off on Why You Should Avoid A Family Probate Tags: ,


This author has published 2 articles so far. More info about the author is coming soon.

Comments are closed.