Your estate might not be all that important to you in thinking about the end of your life, but it will be important to your family. To do your best for them, plan in advance and involve your East Brunswick, NJ Jewish funeral home if you have any questions or concerns. The professionals in these positions deal with death and funeral on a regular basis and they can help you get through the planning process so your family will be in good hands in the future when you pass. One thing you will want to plan is your estate. Is it probate-proof? Find out more details below.
Probate isn’t necessarily a bad thing. It’s a governmental process that makes sure your property is distributed in the right manner when you pass on. The process includes proving your will is valid, your property is evaluated, your taxes and debts are paid, and your family members receive the distribution of the rest.
While most people think that creating a will prevents their estate from going through probate, that is not always the case. The will itself does not protect your assets from the process. The process is easier when you have a will, but if you have anything in your estate that is listed only in your name, it can still be sent through probate.
So when you are looking over your estate details, ask yourself, have you seen an estate planning attorney lately, or ever? It’s a good idea to do that as soon as you can, even if your death is years and years off. Planning ahead never hurt anyone, but lack of planning definitely can.
While probate is often necessary, many people want to avoid it if they can because it can be very costly. In fact, it can take 5% or more of the total estate away—money which you’d much rather your family members have. It can also take a lot of time, even for a modest-size estate. You can expect the process to drag on for 6 months to a year and your heirs won’t get their inheritance until the process is complete. Probate is also a public process so you might feel like too many people know your business and that publicity passes on to your heirs once they inherit.
Planning ahead can help your estate avoid probate in a number of ways. Contact an estate planning attorney to help you with the best strategies. Once you have that element settled, you might want to move on to a Jewish funeral home in East Brunswick, NJ to help you plan your final services. After all that planning is behind you, you can relax and know that your family is well taken care of in the future when you pass on. Contact Mount Sinai Memorial Chapels, located at 454 Cranbury Rd, East Brunswick, NJ 08816 for help planning your final services. We can also refer you to estate planning attorneys if you are in need of help in that way. Give us a call at (732) 390-9199.