ESTATE PLANNING
Probate Explained
Although probate is different for every estate, it usually involves the following:
Within the will, an executor is named. The executor plays an important role in the process of probate, fulfilling duties that include taking inventory of assets, distributing assets to beneficiaries, and paying debts.
If an Individual Dies Without a Will...
If an individual dies without a will, his or her estate may be handled by the probate court, whose duty is to supervise the orderly distribution of the deceased's property. Property is distributed in accordance with state laws. The process of handling an estate without a will is known as "intestate proceedings."
At the law offices of Michael Jaskula, Attorney at Law, we assist families dealing with legal process that follows a death. The process of probate can be lengthy, complex, and costly. We work with clients to explore options for avoiding probate, which may include setting up a trust. Additionally, we work with clients in all areas of estate planning, including:
Wills
Call us today at 312-616-4480 to schedule an appointment to start working on your estate plan.