Monday, October 29, 2018

Knowing The Disadvantages Of Probate That Makes You Want To Avoid It

By Linda Martin


Losing someone is never easy especially when that certain someone is very special to you. At first, you feel shock at the incident. You likely deny the truth because you detest it. Knowing that your, parents for example, died in a car accident is like a nightmare to you. You become angry and start blaming things or perhaps displace your feelings by hurting those people around you. Those feelings are just natural whenever you face that calamity. And your situation might turn worst when your parents have left something making you want to look for Probate Attorney Contra Costa.

Grieving is not something that usually goes away once an incident is done. It would really take you longer to recover the pain that you felt after losing someone. The emotional stress will usually drain you, affecting your social and personal life. But when legal as well as financial issues are being presented to you, it would give you another mental stress. The unpaid expenses and debts are now on you. And probate will make sometimes makes it worse.

The process that legally concludes the legal and financial matters from a decedent is what you called a probate. If ever a will was prepared, the court will distribute it. If not, then the court will appoint someone to become the executor and administrator. It takes lots of process such as filing petition, abiding the appointments from the court, paying the expenses then transmitting the legal title of property.

Sometimes wills can be really unclear and hard and it needs this process so that everyone will understand and disagreements will also be settled. Nevertheless, it comes with many disadvantages. As a result, you might want to avoid undergoing this matter.

The Cost. The moment you were born and the time that you will die, money is still involved. You have to pay for the hospital bills and funeral expenses. Moreover, when you undergo this process of probate, you also must pay those fees in court filling, appraiser, personal representative and your lawyer. The irony part is you are paying money to get your wealth yet the ones who get wealthy are the lawyers and the court.

Time-Consuming. Now you know that your money is in peril. But your suffering does not end with that. You need some endurance for six months while waiting for the process to end. And for six consecutive months, you suffer with financial crisis.

No more Privacy. Once your decedent have probate records, it will automatically become a public record. As a result, the personal representatives, beneficiaries, assets and liabilities will be disclosed in public. Anyone can have access to that private information and for sure, you detest that idea of making your financial status known to someone.

Family Dramas. Dramas will emerge once someone died. When money is the topic, others would turn greedy, deceptive and worse. Anyone can challenge the content and more issues will come. When your dad has other family, expect some arguments and fights. It will be better if you avoid this.

Some individuals may you list of its advantages. However, never forget at its disadvantage. It would help you to ponder on your situation more.




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