Just How Complicated is the Probate Process?

Wandering the airwaves, internet and radio are frequently scary stories of how tough probate can be. While there ARE states that can be very imposing, NY, CA and FL just to mention a few, often times the probate process can be easy and fast.

Complicated Probate Process?

We have personally helped probate double digit numbers of Estates and in several cases, actually stood in for the Executor due to geographic challenges, or other restrictive problems with showing up in person at the Court house.

This is an actual picture of the Probate Court from earlier this year …. where we were present Probating a Will.

Items to remember:

20170125_200814794_ios

  • Not usually complicated- some states can be
  • Probate needed for real estate, non beneficiary titled accounts or ownership
  • Creates a Letter of Testamentary
  • Multiple or Joint Executors can complicate 
  • Not all Estates have to be probated
  • Inventory of assets may be needed
  • Effectively closes the Estate

 

One of the most crucial items for Probate to go smoothly, is organization up front.

Be sure to have good working and updated Estate Documents … and Probate should not be the nightmare many try to scare us into believing.!

Have a Great Day!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
www.jkfinancialinc.com
www.street-cents.com

What are your thoughts ??

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s