Probate may not cause physical pain, but it can certainly prolong the emotional pain of your survivors. For one thing, all assets are usually frozen until probate is completed.
If cash flow is a problem, your family may be dependent on a court decision for an allowance to cover living expenses.
Probate can also be costly. Those court costs, executor fees, and other expenses add up quickly and all of them must be paid before your assets are distributed. Probate also deprives your family of privacy at a time when they may need it most. Because probate documents are open to the public, anyone with an interest in your financial affairs (including your debts and assets) has easy access to such information. In fact, some companies regularly check such public records for sales and marketing leads. Finally, most people need time to mourn the death of a loved one before they can get on with their lives. A long probate process can make it even more difficult for them to find closure. While Joel Pipes & Associates cannot prevent probate if someone in your family has died without a will, we can speed up the process for you. And our affordable fees can save you money, as well.