Lawyers who know about Probate Law in Chicago can help people avoid the probate process. There are some very valid reasons why some people choose to avoid probate and engaging in estate planning can help them to do so. One of the top reasons for avoiding probate is because the process can take a lot of time. Some individuals have had cases stay in probate for years. With a properly planned estate, it’s possible for a person to take possession of certain assets by presenting a death certificate. Unfortunately, a lot of people don’t know just how long probate can take so they don’t try to avoid it.
Dealing with Probate Law in Chicago costs money. Sure, it costs money to engage in estate planning to avoid probate. Documents might have to be modified from time to time as circumstances change. But at the end of the day, it’s usually much cheaper than dealing with probate. The expenses associated with probate can sometimes take a lot off the value of an estate. The documents involved with the probate process can be confusing, so it’s a good idea to hire an attorney to deal with these matters. People who try to handle matters themselves might cost themselves money due to having to take time off work.
People who plan ahead might be worried about contested estates. When a person dies and leaves an estate to someone, another family member might try to contest it. This can lead to a battle that could take a long time for the courts to decide. Attorney fees can add up during that time. With proper estate planning, it’s possible to transfer assets so that contesting matters is extremely difficult to do. Attorneys can help with trusts and other methods that can be used to transfer assets. With the help of an attorney, certain matters can also remain private.
The unfortunate fact is that not everyone will plan their estates so that probate is avoided. People might still have to hire Starr or other lawyers to help them deal with the probate process after a loved one’s death. Working with lawyers can make things much easier. Worrying about filing paperwork associated with probate is often the last thing on a person’s mind when a loved one passes. Visit http://sbzrlaw.com for more information.