Probate can drain time, money, and privacy. Here’s why it creates headaches—and the smart moves that help you avoid it.
Probate is the formal legal process that proves a will’s validity and allows a deceased person’s assets to be distributed. Dreamstime/TCA
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By Maurie Backman From Kiplinger’s Personal Finance
Wills have long been utilized as a classic estate-planning tool. But it’s not enough to write up a will and call it a day. Once someone with a will passes away, a court needs to validate it via a process called probate. And that process could be more than you’ve bargained for.
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