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532: Building Generational Wealth? Don’t Lose It with This ONE Critical Mistake
BiggerPockets Money Podcast
Understanding the Probate Court Process
The probate court process occurs when someone dies, and it involves the distribution of assets based on the individual's will or intestacy rules. If the assets exceed a certain threshold set by each state, probate court becomes necessary to transfer the assets to the beneficiaries. Although some perceive probate as intimidating, it is mainly time-consuming, public, and expensive. These three aspects, time delay, public record disclosure, and high legal fees, are crucial considerations in deciding whether to navigate the probate process or explore ways to avoid it.
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