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Why is probate necessary?

Mar 20, 2020

Paul S. Labiner

Paul Labiner

Managing
Partner

Obviously, from the family’s perspective, the main function of probate is to transfer title and ownership of the decedent’s property to the rightful heirs and beneficiaries.

However, there are other stakeholders in play as well, including the estate’s creditors. Probate also provides a mechanism for payment and settlement of outstanding debts and taxes of the estate.

The probate process has the following broad goals:

  1. Give the decedent’s creditors the opportunity to be paid,
  2. Pay the decedent’s taxes,
  3. Correctly distribute the property and assets to beneficiaries, and
  4. Properly settle the decedent’s affairs.

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We want to try to make the estate planning and probate process as simple and stress-free as we can. Call (561)998-2362 or click the button to schedule a free Financial Legacy Review online now.

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