Imagine this…
After your death, your daughter is having serious financial struggles and the money you’ve bequeathed to her would pull her out of financial misery. It would help her to pay your funeral and other outstanding expenses.
But, because by law your estate must pass through probate, it will take several months before your daughter can receive the money you have left her.
In the meantime, a disgruntled step-son from a prior marriage decides to pursue a Will contest, claiming that the Will is not valid and that he deserves some money, too. He knows the amount of the estate because the probate process is a matter of public record.
You can imagine how the rest of the story goes and how, although you had an estate plan and the best intentions Continue reading