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These reports are published by the American Academy of Estate Planning Attorneys and cover a wide-variety of subjects relating to estate planning.


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What Every Senior Should Know About Probate

For seniors, the debate over Wills versus Probate holds special meaning, because the vast majority of Probate cases revolve around the affairs of those Americans ages 60 and over.

Want to see two groups who make the Republicans and Democrats look like one big, happy family? Then put into one room those attorneys who believe in probate and those who prefer their clients manage their affairs with a Revocable Living Trust. You'll get as contentious an assembly as you could possibly hope for.

For seniors, the debate has special meaning, because the vast majority of probate cases revolve around the affairs of those Americans ages 60 and over. This report from the American Academy of Estate Planning Attorneys explores the reasons for the debate and offers guidelines to help seniors steer clear of the fray.

What Probate Does

Just what is probate? First, it's important to note that it comes in two "flavors." Living Probate is a legal process that determines your fate when you cannot-generally because you've been disabled by injury, illness, or mental capacity.

Death probate is the process that disposes of your estate after you die. Having a will virtually guarantees that your estate will go through probate. But then again, so will dying without any estate plan at all.

While probate attorneys might be happy with these definitions, Trust attorneys would draw your attention to all the problems that come with probate: red-tape, expense, publicity, delay, loss of control, and in the case of "living" probate, potential for personal humiliation.

Click the registration link to learn more about Probate from the following sections:

  • The Impact on seniors
  • How Probate Affects Seniors' Families
  • What AARP Has to Say About Probate
  • Why Attorneys Disagree About Probate
  • Is Probate Even Necessary?
  • How to Avoid Probate with a Living Trust
  • Just for the Wealthy
  • Getting the Most From Your Living Trust
  • Penny Wise, Pound Foolish

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This Report is Compliments of The Law Offices of Joel Loquvam . If you would like a hardcopy of this report please email info@laestateplan.com or call (310) 724-7377 .

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