- a will, once filed with the probate court, becomes a public record for anyone to read. This fact is one reason why a person may choose to create a trust instead of a will; a trust creates non-probate assets, avoiding probate.
- probate estates under $50K avoid probate. However, it does not take much to reach $50k....often owning a home will meet the threshold.
Tuesday, January 26, 2010
Story Highlights Probate Traits
This news story -- which is a tragic account of a 13 year-old boy who shot and killed his father, and now stands to inherit under his father's will -- illustrates two important aspects of the probate process.
Melinda Gustafson Gervasi is a Madison attorney and author whose current practice focuses on estate planning and probate. She is committed to increasing the public’s understanding of estate planning and probate issues. In 2013 she released her first book, Middle Class Philanthropist where she illustrates how anyone can leave a legacy. Gustafson Gervasi Law Office, LLC, 5555 Odana Rd., Suite 205, Madison, WI 53719
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