Probate is a legal process whereby a court “proves” a deceased person’s will is valid. Unfortunately, probate can take time to process, and court fees are paid from your real estate property. Luckily, you can avoid the majority of your estate going to probate fees by:
- Writing a living trust
- Using joint ownership with the right of survivorship
- Naming beneficiaries on your bank and retirement accounts
However, when it comes to avoiding probate, what works for you depends on your financial situation and unique family needs. Contact an experienced real estate attorney in Joliet for more information about probate.