Probate as I have previously stated is a court process to prove whether an individual’s will is valid. Probate is an expensive and time consuming process. It can take as long as two years to be settled in court!
A great way to avoid probate is by creating a trust. A trust is an agreement between a grantor and third-party to hold property for a beneficiary.
Here at Donald Law Office, we focus on a few different types of trusts such as Irrevocable Trusts, Special Needs Trusts, and Completed Gift Trusts.
A trust gives you options that probate never would. By investing in a trust you have the freedom to choose who you want to receive your assets, the timing and distribution of your assets to your beneficiaries, and everything is kept private.
A trust is a one time investment whereas probate will ultimately cost much more. Probate would not only be more expensive but stressful and the time that is spent in probate would’ve been cut by simply creating a trust.
A trust is truly the best option that provides security and confidence that everything is taken care of for you and your beneficiaries.