If you have a Will, then you have taken the very first baby step in estate planning. You have created a document that your heirs can take to Probate Court and go through the Probate process to receive their inheritances. Now, it’s time to take the next steps in the estate planning process. What else do you want to do with an estate plan? Answer that question.
For most people who have any experience with Probate Court, the first answer they come up with is a desire for their heirs not to have to go through Probate Court to receive their inheritances. However, if the only estate planning document you have is a Will, then you can not accomplish this estate planning goal. Wills have to go through Probate.
You might be able to avoid Probate in your estate plan, or at least minimize its impact on your estate. There are many different ways to do so, including Revocable Living Trusts. However, you should talk to an attorney about the best way to avoid Probate in your case is. How you will want to do it will be different than other people because you have different assets then them and there might be even more things that you want to accomplish with your estate plan.
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Ryan M. DenmanandDennis D. Duffy
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