There are some things you have likely heard about probate. One, probate can be complicated, adding a layer of difficulty to an already difficult time in your life after the passing of a loved one. Two, probate can be expensive.
While those two things are true, there is one thing you may not know about probate: it can be entirely avoided with the help of a thorough estate plan. At Blish & Cavanagh, LLP in Providence, Rhode Island, we can help you make sense of probate and provide you with the guidance you need to avoid it.
What Is Probate?
Probate is essentially a legal vehicle for transferring assets from the deceased to a beneficiary. When there is a will in place, the will needs to go through probate to ensure individually owned assets are properly transferred. When there is no will, titles are transferred according to the procedure that is detailed in Rhode Island state law.
How Can You Avoid Probate?
This is where our expertise in estate planning can be of great benefit to you and your family. By properly titling your assets or by placing them into ownership entities such as appropriate trusts, we can help your beneficiaries avoid the need for probate, streamlining the process of dividing assets and winding down your estate.
What If It Is Too Late To Avoid Probate?
Probate does not have to be excessively long and expensive. We can guide you through the process as efficiently as possible, allowing you to save time and money.
For more information on probate, estate planning and your options, contact us today for a consultation with an attorney.