Why You May Want to Keep Your Family Out of Probate Court: A Guide for Residents of Ohio

WHY YOU MAY WANT TO KEEP YOUR FAMILY OUT OF

PROBATE COURT A GUIDE FOR RESIDENTS OF OHIO

WHAT HAPPENS IN PROBATE COURT?

Probate court presides

over estates, guardianship, and related issues.

WHY WOULD YOUR FAMILY HAVE TO GO TO PROBATE COURT?

In certain circumstances, your family might have to go

to probate court.

A few examples of situations where your family might have to go to probate court include

the following:

SETTLING AN ESTATE

Probate courts preside over the settling of an estate.

If you pass away, your family may have to go to probate court to facilitate the transfer of assets

during the probate process.

GUARDIANSHIP PROCEEDINGS

If you become incapacitated, your family might have to go to probate court to have you declared a ward and have a guardian appointed.

WHY YOU MAY WANT YOUR FAMILY TO AVOID PROBATE COURT

You may not want your family to have to go to probate court

to settle your estate or to initiate guardianship proceedings.

You can make an incapacity and estate plan that prevents

this from happening.

Some of the reasons you may want to take steps to keep your family out of probate court include the following:

PROBATE PROCEEDINGS COST MONEY

Investopedia warns that the

cost of probate is usually around three to seven percent

of the value of the estate.

This means if your family has to go to probate court, they

will inherit less.

You can use other estate planning tools to allow them to avoid this

process and save on probate costs.

PROBATE PROCEEDINGS TAKE TIME

Probate can take months, or even years if there are problems like someone

contesting a will.

If you don’t want your family members to have to wait

for an inheritance, you may want to use estate planning tools to

keep them out of probate court.

PROBATE PROCEEDINGS ARE STRESSFUL

Whether for guardianship proceedings or to probate

an estate, it can be stressful for your family to have to go

to probate court.

You can spare your family this stress by making an

incapacity plan and estate plan that allows your family to avoid

probate court.

GETTING HELP

A Cincinnati estate planning and incapacity planning lawyer can help your family to avoid

probate court.

Contact a Cincinnati asset protection attorney

today to learn more.

Contact The Zimmer Law Firm today at 513-721-1513.