Probate administration is an expensive and time-consuming process that can greatly reduce the inheritance you leave behind. However, there are steps you can take to remove assets from your probate estate, avoid the probate process and conserve your financial assets for the family members you leave behind.
Located in St. Charles, our attorneys help clients avoid probate through strategic estate planning. Together, we will create a plan that protects your properties, preserves your finances and avoids the time and costs associated with probate administration.
Prevent The Time, Cost And Stress Of Probate Administration
Many people don’t think they have enough assets to justify the need for estate planning. This is not the case, if you have more than $40,000 in assets — including your home, your car, your retirement accounts, your life insurance policies and your savings accounts — your estate will be subject to a long and complicated probate administration process.
This process could cost your family members thousands of dollars in court costs and attorneys fees. By taking steps today, you can save your family time, stress and money tomorrow.
St. Louis Lawyers Helping You Avoid Unnecessary Probate
At Flesner Wentzel, we tailor estate plans to fit each client’s individual needs. Our attorneys thoroughly evaluate our clients’ financial assets, personal property and real estate holdings. Once we understand the full range of assets, we use a variety of estate planning tools — including wills, trusts and transfer on death deeds — to keep our clients’ estates out of probate.
There are a variety of tools you can use to avoid probate, including:
Irrevocable life insurance trusts (ILITs)
Transfer on death deeds
Payable on death (POD) accounts
A will with pour-over provisions
For more information about avoiding probate, contact the St. Charles lawyers of Flesner Wentzel. Call us at 636-442-4529 for a free consultation. Se habla Español.