Probate
The probate process is the definition of a real headache. It is normally lengthy, complicated and worst of all it will cost your beneficiaries an unnecessary expense, sometimes more than tens of thousands of dollars. The probate process takes the inheritance you intended for your heirs and automatically gives a percentage to the courts.
Additionally, the state and IRS rarely have the best interest of your heirs in mind. Nor will they prioritize the lasting legacy that you hope for.
Avoid probate by having Michael E. Zimmerman advise you on proper estate planning to protect the legacy you deserve. Schedule a consultation by giving us a call.
To learn more about Probate Avoidance, click here.
Children
Many people think that if they were to pass away, their closest relative would care for their children or pets. This is true in most situations. However, during the probate process, other family members can petition the courts for [possession], causing a straightforward process to become destructive to the future of your children. Have you thought about this situation?
Through proper estate planning, you can make sure your children and pets are cared for by the people you want, not caught in the middle of a fight between relatives.
Estate Planning
Estate planning is one of the most important things you can do to protect your house and other assets. Estate planning preserves your assets for your children.
If you don’t have an estate plan of your own, the state of California and the IRS will distribute your assets through a process called probate.