This is because while you might trust your bank and banker to hold onto your assets, the bank will not be able to deliver these assets as per your wishes without the probate process.
So, what is the probate process? How can you make sure everyone will get what you want them to get? Let’s find out.
The opinion of a bank is considered null when it comes to estate planning and management. They simply have no power in that field. Furthermore, they have no way to make sure that the person coming in to claim your assets is actually who you want to give them to. For all they know, an imposter could show up, having gotten the will through ill-gotten means.
Therefore, they cannot do as you ask them to without legal backing. And that’s where the probate process comes in. It is a special hearing held in specialized probate courts where the inheritor will need to file a claim for possession.
It doesn’t end there. The court will also hear any challenges to the claim by the inheritor. Once the judge decides the case, only then will the bank release the assets. This entire ordeal is the probate process. It promises to make life hell for inheritors–court cases almost always do–and drive a messy wedge between family members in the case of challenges to inheritance.
Having an elder law practitioner helps you deal with the probate process much more easily and helps you make sure that the people you want to get your things actually get them.
The law office of Joseph Marino, PC is dedicated to providing you with the best elder law service possible. If you want to make sure that all your affairs are assets are dealt with in a way that you want, you need an elder law practitioner. Here are some things that we believe very strongly in, and would offer you:
Give us a call today, and we’ll help you determine which services best suit your needs.
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