Is Avoiding Probate a Good Idea?
The probate process consists of legal proceedings and administrative actions that have been established by law to settle your estate. It is designed to ensure that your assets (money, land, etc.) get in the right hands. Additionally, it keeps those assets from being unduly exposed to the reach of creditors.
Nevertheless, probate can be a long and frustrating process for your heirs. A good estate plan can minimize this with appropriate titling of your assets, well-thought-out beneficiary designations, and the all-powerful trust.