Probate is the means by which state courts validate a will and clear the executor to pay debts and taxes, sell property, distribute funds and perform other tasks necessary to settle an estate. It can be a lengthy and expensive process in many jurisdictions. Probate costs can consume 3 to 7% of an estat's value. It can be even more if there is a dispute that runs up additional legal fees.
You can help make sure your estate avoids many of the pitfalls of probate by planning now for the future distribution of your estate.
Contact us at www.ythlaw.com for expert estate planning legal advice.
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