When it comes to drafting an estate plan or settling the estate of a loved one, many people have the same question – when is it possible to avoid the probate process? Probate is the legal process of distributing a person's estate according to his or her wishes to appropriate beneficiaries. It can be a costly and lengthy process to navigate.
People often hope to avoid probate because it saves them time and money. There are times when it is possible to avoid this process, but only in specific circumstances and situations. It may be helpful for you to understand what probate accomplishes, whether you can avoid it and what to expect if you have to walk through it.