Probate is the legal process through which the court oversees the transfer of your assets upon your death. There are many disadvantages associated with the probate process. Some problems include the following: probate can be expensive, your assets can be frozen and unavailable to your heirs for long periods of time, the probate process is public and can be intrusive, and creditors can complicate the process.
There are minimal or no court costs associated with administrating your Trust. The Successor Trustee automatically assumes the responsibility of administrating the Trust thereby reducing legal fees associated with court costs, appraisers, legal fees and executor fees. For help with creating your Living Trust in Denver call Meurer Law Offices today at 303.991.3544.