Benefits of Probate
Are there any advantages to probate?
When an individual passes away, their estate will often go through the
process of probate, which will allow for distribution of property and
payment of creditors & taxes. Many people see probate as a negative
process because it can be lengthy and a bit costly; however, there are
quite a few benefits!
The court will validate the will. In order for a
will to be admitted, the court must verify that it is valid and in compliance
with state law.
The estate administrator will be supervised. All actions by the executor will be closely watched by the probate court
to ensure that everything is done properly. This will also give greater
protection to any heirs or beneficiaries.
It is easier to resolve a dispute. The probate court allows for a forum to dispute various issues, such as
will contests, guardianship, and conservatorship.
Creditors have to file a claim in a limited amount of time. After being given notice, creditors only have a short window in which
they can file a claim-a matter of months in most states. A trust, on the
other hand, has a statute of limitations for up to a few years.
Is probate right for you?
If you are planning for the future of your estate, then you may be wondering
which documents are right for you. Discuss your estate plan and the advantages
of probate for your situation with an experienced Long Island probate
lawyer from the Law Offices of Steven M. Adler, PLLC. Our legal team will
listen to your goals and advise you on the best possible solution.
Contact a Long Island Probate Attorney
If you are currently going through the probate process, our attorney can
guide you through the process and help you understand the various responsibilities.
We have over 25 years of experience serving the Long Island community,
so you can trust our abilities! Call our firm as soon as possible to get started.