What We’ve Learned About Probate the Past 5 Years
August marks our 5 year anniversary and we’re celebrating in a unique way. We’re dedicating a blog series to various kinds of law that our law center at the Lake of the Ozarks practices in. This week, we’re featuring some of the things we have learned and that we think you may like to know about the probate process. Probate is not as scary as it sounds. The majority of people think of probate and assume the worst. It doesn’t have to be as bad as many are led to believe. It does take time and money to work through the process but a professional attorney on your side can help make it much less intimidating and more efficient. Preparing your estate plan can help prevent probate, but not always. Many people don’t realize that a will is not enough to keep your estate out of probate. Taking the additional steps of assigning a non-probate transfer (such as a payable-on-death or transfer-on-death designation) to each asset takes a little extra time and effort, but can go...