Passing It On: Estate Planning for Families

Probate Is A Legal Process After Death. Avoid It.


Listen Later

Free Estate Planning Strategy Session for California Residents www.ocestateplanlawyer.com Probate is the legal process that occurs after someone passes away, during which their estate is administered, debts are paid, and assets are distributed according to their will or state law if there is no will. While probate serves a necessary purpose, it can be a lengthy, costly, and public process that many people prefer to avoid. When an estate goes through probate, the court oversees the distribution of assets, which often involves a significant amount of paperwork, court fees, and attorney costs. This process can take months or even years to complete, delaying the transfer of assets to your loved ones. Additionally, probate is a public process, meaning that the details of your estate, including the value of your assets and who inherits them, become part of the public record. This lack of privacy is another reason why many people want to avoid probate. For those researching how to streamline their estate planning and protect their family from unnecessary hassle, avoiding probate is often a top priority. There are several probate avoidance strategies, such as creating a living trust, updating beneficiary designations on accounts, and gifting assets during your lifetime. By implementing these strategies, you can ensure that your estate is handled efficiently and that your loved ones receive their inheritance without the delays and costs associated with probate. If you're concerned about the challenges of probate and live in California, follow the link in my profile to make an appointment with me personally. Let's work together to create a plan that minimizes probate and protects your legacy for your family. #EstatePlanning #LivingTrust #FillThatBucket #Pevney #financialfreedom #orangecounty
...more
View all episodesView all episodes
Download on the App Store

Passing It On: Estate Planning for FamiliesBy Michael Pevney

  • 4.5
  • 4.5
  • 4.5
  • 4.5
  • 4.5

4.5

10 ratings


More shows like Passing It On: Estate Planning for Families

View all
The Ramsey Show by Ramsey Network

The Ramsey Show

39,024 Listeners

The Stacking Benjamins Show by StackingBenjamins.com | Cumulus Podcast Network

The Stacking Benjamins Show

1,988 Listeners

The Clark Howard Podcast by Clark Howard

The Clark Howard Podcast

5,460 Listeners

The Daily by The New York Times

The Daily

112,484 Listeners

Up First from NPR by NPR

Up First from NPR

56,740 Listeners

Tax & Estate Planning Law by Barry Gardiner

Tax & Estate Planning Law

20 Listeners

Estate Planning Strategies by Christopher Small

Estate Planning Strategies

50 Listeners

Complete Estate Planning by Nick Rosenbauer

Complete Estate Planning

44 Listeners

Ready For Retirement by James Conole, CFP®

Ready For Retirement

821 Listeners

Huberman Lab by Scicomm Media

Huberman Lab

29,238 Listeners

Money Rehab with Nicole Lapin by Money News Network

Money Rehab with Nicole Lapin

1,646 Listeners

All the Hacks: Money, Points & Life by Chris Hutchins

All the Hacks: Money, Points & Life

1,613 Listeners

Money For Couples with Ramit Sethi by Ramit Sethi

Money For Couples with Ramit Sethi

3,441 Listeners

Real Estate the Ramsey Way by Ramsey Network

Real Estate the Ramsey Way

195 Listeners

Everything Estate Planning by Valerie Zammitti

Everything Estate Planning

4 Listeners