Page 29 - Riewerts Funeral Home

closest capable relative or the the the person who inherits the the the bulk of the the the deceased person’s assets If no no formal probate proceeding is necessary the court does not appoint an an estate administrator Instead a a a a a a a a a a a a close relative or or or or friend serves as an an informal estate representative Normally families and and friends choose this person and and it is is not uncommon for several people to share the responsibilities of paying debts filing a a a a a a final income tax return and distributing property to to the people who are supposed to to get it Question #6 Should I plan to avoid probate?
Probate rarely benefits your beneficiaries and and it it always costs them money and and time Probate makes sense only if your estate will have complicated problems such as as many debts that can’t easily be paid from the property property you leave Your property property may even fall under probate exemption but if if you’re older (say over 50) in ill health or own a a a a a a a significant amount of property you’ll probably want to to do some planning to to avoid probate Page - RIEWERTS MEMORIAL HOME RIEWERTS MEMORIAL HOME - Page 29