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These reports are published by the American Academy of Estate Planning Attorneys and cover a wide-variety of subjects relating to estate planning.


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Where There's a Will, There's Probate

Some people mistakenly believe that drafting a will avoids the costly, time-consuming legal process called probate. Read this article to find out about wills, probate and Living Trusts.

Although Probate is supposed to ensure that possessions pass on to your loved ones as you wish, in reality, it has become a costly, time-consuming and bureaucratic process that seems to serve the needs of everyone but you and your loved ones.

Want the intimate details of Jacqueline Kennedy Onassis' life? You don't have to read the tabloids or the latest unauthorized biography. You can peruse the details of her finances and last wishes for her loved ones in the public records of the state of New York. And thousands have.

Can you imagine anything more ironic? The most private public figure of the 20th century, Mrs. Onassis went to great lengths to avoid the paparazzi's camera. And in the end, for what? Because she used a will to dispose of her assets, she ensured that details of her $200 million estate and the terms of her final wishes would be made public.

Why You Don't Want To Be Caught Dead With a Will

Even if celebrity status hasn't thrust you into the public eye, you can still learn from Mrs. Onassis' mistakes.

Throughout the centuries, property holders have used wills to convey their worldly goods to their loved ones and a legal process called "probate" has developed to administer property disposed of by will. It's often a long, drawn-out process that seems to serve the needs of everyone but you...and your loved ones.

Click below to learn more about Probate and solutions to avoid Probate from the following sections:

  • How Probate Works
  • The Public Eye
  • The Waiting Game
  • Paying the Piper--and the Rest of the Band
  • Death, Taxes,and Death Taxes
  • Avoiding Probate
  • The Solution: The Revocable Living Trust
  • How a Living Trust Works
  • Your First Step in Designing Your Living Trust

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This Report is Compliments of Law Offices of Richard B. Schneider, LLC . If you would like a hardcopy of this report please email information@rbsllc.com or call (503) 241-1215 .

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