Anyone who has a basic understanding of estate planning in St George UT, understands one of the most essential advantages of a living trust is the ability to stay clear of Probate. But, unless an attorney or were actively involved in the probate process in the past, a few people are aware of what Probate is and the reasons why it’s not recommended for the majority of estates.
In simple terms, it’s a court-supervised procedure for administering and (hopefully) the distribution of an individual’s estate following their death. Suppose a person dies and leaves the property (especially property) under their own name. In that case, the sole method to pass ownership over from the deceased owner’s name to the heirs of their estate is to have the court decide how to transfer the property through probate. Also, because the deceased owner of the property is not able to sign deeds, only a judge can transfer property following the death of the owner, and Probate is the formal procedure that allows this to happen.
