What's The Truth About Probate?

Published Monday, July 25, 2016 at: 7:00 AM EDT

Have you heard horror stories from families that had to suffer through costly, protracted probate proceedings after a relative dies? The possibility is very real, especially if a will is contested. Yet while it might turn into a nightmare, sometimes probate works like a dream. Before you take drastic steps to avoid probate, it's important to know what it's likely to involve.The first thing to know is that laws concerning probate vary from state to state. In some states, the process may be quick, while in others it's likely to take a while.Probate is the court-supervised process of distributing the...

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This article was written by a professional financial journalist for new michael mcdonald and is not intended as legal or investment advice.

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