People often die unexpectedly and leave their property behind for them to serve their families. However, the property and money left behind by the deceased does not serve the families but rather it goes to people who may even have never met the deceased. The article below explains why people should insist on having an estate plan rather than having to hire a Family Probate after they have passed on.
For the probates to continue, it is important that all the experts to be involved in the process to be paid before the process even begins. This money is often cut off from the assets that the deceased left behind. The assets are also used to pay debts immediately without even seeking other ways to have them paid later on.
Another main disadvantage of probates is the fact that it is time consuming. The families will have to wait for long ques of families with similar or different cases till it is their turn. In addition, once it is their turn, the case is not solved completely and it is often adjourned. Meanwhile the relatives who were left behind by the deceased and depended on them for support are suffering as they wait for the money.
Publicity is a common characteristic of the probates system. This is because every step in the process available to the public. The process will thus expose everything about the deceased. Some of them may be very negative and will tarnish their image. This tends to cause negative mixed emotional feelings to the relatives regarding the deceased which may be positive or negative.
Not only does the high publicity apply to the deceased, the relatives will also face the same levels of publicity. They will have themselves the focus of the media especially if they disagree among each other on the distribution of the assets. The progress of the case is also documented in computers which then make them online thus increasing their access by anyone.
The expensive and lengthy trait of the probates process tends to bring out a high risk that the families may not receive anything that was left behind by the deceased and if they receive something, it is too low to help them survive for a long time. This is a very high risks as it leaves your relatives suffering although all the wealth you acquired was to ensure that they have a comfortable life.
After the cases and the relatives have received adequate wealth, there is always someone or some people who would want to swindle the kin of the deceased into giving out their property to them. The law does not take care of the kin after this thus they may be easily swindled into poverty. However, it is important to note that with the estate plan all this is taken care of.
Probates although convenient at time should not be the method that people should rely on to trying to solve their inheritance cases. It is best for people to just have a will or estate plan ready just in case to ensure that even in their death, their family is well catered for. This is the best gift that the deceased can give to their relatives after their death.
For the probates to continue, it is important that all the experts to be involved in the process to be paid before the process even begins. This money is often cut off from the assets that the deceased left behind. The assets are also used to pay debts immediately without even seeking other ways to have them paid later on.
Another main disadvantage of probates is the fact that it is time consuming. The families will have to wait for long ques of families with similar or different cases till it is their turn. In addition, once it is their turn, the case is not solved completely and it is often adjourned. Meanwhile the relatives who were left behind by the deceased and depended on them for support are suffering as they wait for the money.
Publicity is a common characteristic of the probates system. This is because every step in the process available to the public. The process will thus expose everything about the deceased. Some of them may be very negative and will tarnish their image. This tends to cause negative mixed emotional feelings to the relatives regarding the deceased which may be positive or negative.
Not only does the high publicity apply to the deceased, the relatives will also face the same levels of publicity. They will have themselves the focus of the media especially if they disagree among each other on the distribution of the assets. The progress of the case is also documented in computers which then make them online thus increasing their access by anyone.
The expensive and lengthy trait of the probates process tends to bring out a high risk that the families may not receive anything that was left behind by the deceased and if they receive something, it is too low to help them survive for a long time. This is a very high risks as it leaves your relatives suffering although all the wealth you acquired was to ensure that they have a comfortable life.
After the cases and the relatives have received adequate wealth, there is always someone or some people who would want to swindle the kin of the deceased into giving out their property to them. The law does not take care of the kin after this thus they may be easily swindled into poverty. However, it is important to note that with the estate plan all this is taken care of.
Probates although convenient at time should not be the method that people should rely on to trying to solve their inheritance cases. It is best for people to just have a will or estate plan ready just in case to ensure that even in their death, their family is well catered for. This is the best gift that the deceased can give to their relatives after their death.
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