As you work to create your estate plan, you may wonder whether you need to utilize certain planning options. Because each plan created needs to suit the particular wishes of an individual, what works for other people may not apply to your situation. A close assessment of your estate and personal details could help you decide how to design the best plan for your circumstances.
While probate often seems like a dirty word in the estate-planning world, it is an important and necessary process for many estates. It is a way to ensure that the deceased person's final wishes are understood and carried out as closely as possible. This is more likely to happen when a will or other estate plan is in place, and such carefully prepared documents often hasten -- or even bypass -- the process of probate.