24-7 Press Release: If you have the vague, nagging sense you should do something about your estate plan (or lack thereof), here’s a few suggestions of things to consider as you prepare to meet with an estate planning attorney.
Will most of your assets pass through the probate system? Probate is the process of verifying a will, or if there isn’t a will, following the statutory intestate scheme to distribute the assets of a deceased person’s estate.
In a will, you name a personal representative who distributes your assets and pays your debts. While virtually anyone can serve as personal representative, you may want to consider both the complexity of your estate and the qualifications of the person.