Probate is a fairly straightforward process of settling an estate. It involves authenticating a decedent's will, appointing an executor, identifying creditors, determining date-of-death values, paying debts and taxes, locating assets and distributing assets. Within each of these steps does lie the possibility of litigation; however, especially if someone contests the will or other aspects of the estate.
If your loved one passes away, and you are told they have a will, you should know that this has to go through probate. Probate is a process that proves that the will is legal in court. Once a judge agrees that it is legal and a valid document, the estate can be administered.
When your estate planning works, your heirs move through the probate process with little conflict. Things go smoothly, arguments are few and far between, and you know that everyone will stay on good terms for years to come.
Although you are not yet elderly, you have wisely decided to begin planning your estate. Everyone needs an estate plan, even if you are young and in good health. One benefit of planning your estate early is that you can take steps to avoid probate.