Probate is the legal, court-supervised process to locate, value and administer the assets of a deceased person. It is usually not considered the best choice for handling a person’s assets, but it will be the only choice if no alternative plans, using a living trust, limited liability corporation or family limited partnership, for example, are made in advance.
Tagged as: beneficiaries, estate planning, family limited partnerships, limited liability corporations, living trust, living trusts, Probate, probate court approvalAre you looking for help to repair your credit? Maybe you recently filed for bankruptcy, faced foreclosure, wage garnishment, or any of those unexpected, unwanted, but sometimes unavoidable financial wrecks that life puts in our path. It is natural to try and put ourselves back on our feet as soon as possible. But there may be more enemies along the way.
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