Many people intend to avoid the probate process, not just because it is expensive and frustrating for your beneficiaries, but also because it is extremely public. Anyone can enter into probate court after you pass away and view the estate file.
You can determine the claims of creditors, the list of assets, the beneficiaries, and the relatives involved simply by going the local courthouse and requesting this information.
Unfortunately, sometimes sales people will even use this process to identify unsuspecting errors for scams or unwise investment decisions. Probate courts may even post all events connected with an estate settlement as they happen.
Revocable living trusts, however, could prevent all events of this very public nature. Revocable living trusts are not filed in probate court and no people are able to view these items unless the trustee or the grantor gives permission.
Some individuals believe that privacy is important and if this describes you and the wishes that you have for your loved ones down the line, it is strongly recommended that you put together a revocable living trust. The right estate planning lawyer in Pasadena can help.
