A last Will may appear to be a very simple and comfortable solution. Everyone knows more or less what a last Will is supposed to accomplish, and it can just seem like an easy, no-hassle choice when you are planning your estate.
In fact, when you dig beneath the surface there may be some difficulties that go along with the utilization of a last will that may never occur to you.
The probate court that is local to the deceased is involved in the process. The court will supervise the administration of the estate when you record your final wishes via the execution of a last will. People and entities that have claims against the estate may step forward during the probate process.
As a result, your final affairs are an open book. Probate records are available to the public, and this lack of privacy can be a factor for many people for any number of different reasons.
Of course there are specific personal reasons why some folks may want to keep things confidential. But in a more general sense, do you really want anyone who takes the time to scour through the probate records to have access to these details?
If you are indeed concerned about privacy you can simply choose to work with a good Cleveland estate planning lawyer to create a revocable living trust. When you arrange for the transfer of assets in this manner everything will take place in accordance with your instructions in a totally discreet and confidential manner.
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