When Probating A Will Makes Sense – The Five Reasons
David M. Frees III on Information About Gifting At The end of The Year
The probate system is viewed as slow, expensive, and too public.
But sometimes, if you’re an executor, you really want and need the probate system and the orphan’s Court judge.
The truth is, that most of the estates where the executor hires us to do the administration, and to keep them out of trouble, we are also able to keep them out of the probate system and the probate court.
We often settle estates, where the beneficiaries are cooperative by using a family settlement agreement. This saves the family and the heirs time, and money and at the same time protects the executor from being sued later.
But, there are five times when the executor to be fully protected and to avoid liability needs AND WANTS the Probate Court.
When should you use the probate court? When does it actually make sense to go through the probate process for your own protection? Read this article on the Five Times When You Really Want To Probate A Will. Oh, by the way, for reasons that I cannot fully explain, there are some reports appearing at the top of the page. If you’re interested in when to avoid probate and when to actually use probate, just scroll down to the article. It is worth it.
David M. Frees III
610-933-8069
Call Donna or Denise for an appointment or Telephone consultation with David M. Frees III
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Written by: David M. Frees III
Chairman: Trust, Estates, and Wealth Preservation
E-mail: dfrees@utbf.com
Phone: 610-933-8069
AVVO Rating: 10.0
Tags: can executors be sued?, can probate protect you, executors may need to probate, Pennsylvania estates, Pennsylvania executors, preventing liability for executors, reasons for probate
