Estate planning probate vs. no probate
Ok children, draw near and listen. First, I am not an attorney and I am not giving legal advice. I am speaking friend to friend.
Ten years ago I lost my partner. We “planned” for both of our inevitables…or so we thought. We went halfway I learned this week. We had Wills drawn we had Durable Powers of Attorney drawn; we had Advance Directives aka Living Wills drawn, we had Health Care Powers of Attorney drawn and all of those legal documents worked as they should have.
Oh, if we had known to take it just a step further. This week I attended a conference given by
• Wills provide for the management of our estates, NO! Wills tell the courts how to handle our estates. Even with a Will, in North Carolina and presumably elsewhere our estates travel through probate…THE COURT SYSTEM.
o There is a terrible loss of privacy
o There is a terrible waste of time and money…it took the estate of Elvis Presley nearly 12 years to work through probate.
• Probate takes the assets of the deceased and distributes those assets to beneficiaries.
• If nothing remains titled (owned) in the name of the deceased, then there is NO need for probate.
Here’s what most of us don’t know, PROBATE IS EXPENSIVE.
So, here is how Jeffrey Marsocci Esq. can help. This smart lawyer has built part of his career helping folks avoid probate. He helps married and unmarried folks, partnered or not to create revocable trusts. So please whether you’re are single, married, partnered or not, call this man, set an appointment and protect yourselves.
The information here comes from “Estate Planning,” by Jeffrey Marsocci Esq.
Mr. Marsocci’s telephone number is 919-844-7993
Michael L. Sullivan is a full service real estate professional and REALTOR serving central North Carolina. For all of your real estate needs visit Michael's web sites,
RentDurhamNC.com or TeamMichaelSullivan.com
No comments:
Post a Comment