The death of someone is very painful to those who know the person especially to the relatives. Other than the pain of losing a loved one, some families are even faced with the challenges of dividing the property of the deceased among themselves if he or she did not write a will. The following article explains why the will or having an estate agent is a better option as compared to Family Probate.
The first main point is the expensive nature of the service. The process needs to involve lawyers and judges who will listen to the case and divide the assets accordingly only after paying the debts that the deceased had. Furthermore, the experts are first paid before the process even begins thus making it a very expensive process.
Then process takes a very long term for it to be fully completed. This is a huge negative factor for the relatives if their financial assistance was managed by the deceased. This means that they suffer waiting to receive their rightful inheritance. Delays are often due to research on debts or taxes of the deceased and other cases in line.
Publicity is a common characteristic of the probates system. This is because every step in the process available to the public. The process will thus expose everything about the deceased. Some of them may be very negative and will tarnish their image. This tends to cause negative mixed emotional feelings to the relatives regarding the deceased which may be positive or negative.
the publicity not only targets the deceased but also the relatives as well. This is in case the relatives fight over the assets, then the issue will be publicly declares which tends to highly shame the relatives although they may be just in their appeals. Worst of all is the fact that all the proceedings of the case are recorded in a computer online thus anyone can download and access them easily.
In some cases, the longtime taken to complete the process as well as the added finances it incurs has resulted in some relatives receiving very little amount of money or assets or even nothing from the deceased. The assets thus end up in the pockets of people who barely knew the deceased as the families that the deceased struggles to provide for languish in poverty.
Although the relatives may receive the assets they required, there is still a chance that they may lose it easily to other people who are aware of their lack of knowledge in handling the assets. They will thus try to con the relatives into giving them the assets they inherited. However, with the estate plans, the deceased can ensure that the relatives will be protected from such issues.
Probates although convenient at time should not be the method that people should rely on to trying to solve their inheritance cases. It is best for people to just have a will or estate plan ready just in case to ensure that even in their death, their family is well catered for. This is the best gift that the deceased can give to their relatives after their death.
The first main point is the expensive nature of the service. The process needs to involve lawyers and judges who will listen to the case and divide the assets accordingly only after paying the debts that the deceased had. Furthermore, the experts are first paid before the process even begins thus making it a very expensive process.
Then process takes a very long term for it to be fully completed. This is a huge negative factor for the relatives if their financial assistance was managed by the deceased. This means that they suffer waiting to receive their rightful inheritance. Delays are often due to research on debts or taxes of the deceased and other cases in line.
Publicity is a common characteristic of the probates system. This is because every step in the process available to the public. The process will thus expose everything about the deceased. Some of them may be very negative and will tarnish their image. This tends to cause negative mixed emotional feelings to the relatives regarding the deceased which may be positive or negative.
the publicity not only targets the deceased but also the relatives as well. This is in case the relatives fight over the assets, then the issue will be publicly declares which tends to highly shame the relatives although they may be just in their appeals. Worst of all is the fact that all the proceedings of the case are recorded in a computer online thus anyone can download and access them easily.
In some cases, the longtime taken to complete the process as well as the added finances it incurs has resulted in some relatives receiving very little amount of money or assets or even nothing from the deceased. The assets thus end up in the pockets of people who barely knew the deceased as the families that the deceased struggles to provide for languish in poverty.
Although the relatives may receive the assets they required, there is still a chance that they may lose it easily to other people who are aware of their lack of knowledge in handling the assets. They will thus try to con the relatives into giving them the assets they inherited. However, with the estate plans, the deceased can ensure that the relatives will be protected from such issues.
Probates although convenient at time should not be the method that people should rely on to trying to solve their inheritance cases. It is best for people to just have a will or estate plan ready just in case to ensure that even in their death, their family is well catered for. This is the best gift that the deceased can give to their relatives after their death.
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