Probate & Trust
WHAT IS PROBATE? When a family member passes away, loved ones are usually left with the difficult task of deciding how to go about transferring or inheriting property. Probate is the court-supervised process during which the court will decide the validity of your will, the personal representative or executor will gather your assets and distribute them according to your will (if there is no will, your assets will be distributed according to intestate succession), and your creditors will get paid. This process can be costly and take between 9 months or more. Good estate planning can minimize expense and delay by transferring assets through other means. At Basar Law, we will help you decide the appropriate plan that will pass your assets to your loved ones in a time efficient and economical manner. Some of the ways of transferring property without a will are: Living trusts- A great way of…