A: Probate is an acronym that stands for “Painful Robbery Of Bank Accounts, Time, & Energy”.
OK, so maybe it’s not actually an acronym, but that’s still a very accurate description and easy way to remember why it’s so terrible! Technically, probate is the term used to describe the court-supervised transfer of assets following the death of an individual, and it’s infamous for being a process that’s 1) Long 2) Expensive, and 3) Public.
In next week’s #WednesdayWisdom, we’ll talk about which estates are subject to probate and give you a tool to determine whether or not your OWN estate would be subject to PROBATE upon your passing!
If you have any questions about this, please feel free to reach out to us (707-681-5851 or [email protected]) or set up a complimentary consultation at your convenience by clicking on the following link: https://MyNapaLawyer.as.me/