What is an “estate?” In this podcast, Tucker Allen attorney discusses the probate process, the responsibilities of a personal representative, and reviews some other estate considerations, such as gifting.
A basic will is certainly better than no estate plan. And if you never get around to creating even a simple will, the state has a default plan already in place for you. Unfortunately, the state’s plan might be contrary to your wishes. Plus, all your probate assets will be a matter of public record, and following the state’s default plan will likely be slow and expensive.
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