Probate is something you may hear a lot about when it comes to estate planning. It is very easy to find a lot of information about how to avoid probate in Indiana. You may wonder if this process is so bad, then what is the point of it. The truth is it is not as bad as it is often made out to be. While it is true that it does cost money and take time, it also has some benefits to it.
The American Bar Association explains that the probate process ensures that your wishes are carried out properly. The main goal of the process is to make sure that your will is valid. The court will do research into your estate and validate the value of it as well. If anyone has an objection and wants to contest your will, it will happen during this process and the court will be able to assess the claims.
Probate also makes sure that your estate pays your debts. This can take a load of worry off your heirs. They will not have to deal with creditors or mess with paying them back because the court will handle that during probate. This also guarantees that a creditor does not pop up later to try to get a piece of your estate from your heirs.
Probate offers protection for everyone. It allows the court to protect you when you are no longer here to do so. It ensures heirs get what is rightfully theirs from your estate and that creditors get the money owed to them. This information is for education and is not legal advice.