Welcome back to our estate planning series with Larry Parman, Founding Attorney of Parman & Easterday. In this video, Larry elaborates on a topic that often perplexes individuals - probate. Is it essential to avoid probate? And if so, why? Larry uncovers the answers to these questions and more.
Probate, a legal process, takes over to facilitate the transfer of your assets upon your death. This process applies whether you've laid out your wishes in a last will and testament, a trust, or if you've done no planning at all. Larry explores the implications of the probate process, particularly for estates above $50,000.
The main focus of this video is the four primary reasons people tend to avoid probate: it's time-consuming, it's costly, it lacks privacy, and the potential for multiple probates if you own property in more than one state. Larry breaks down each of these concerns, providing real-world examples and insights to help you better understand the potential pitfalls.
Whether you have an existing estate plan or are new to estate planning, this video is a must-watch to understand the importance of avoiding probate. Larry's goal is to ensure that your estate is handled according to your wishes while avoiding unnecessary complications for your beneficiaries.
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Got questions or need advice? Reach out to us at Parman & Easterday. We're here to help you at every step of your estate planning journey.
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Parman & Easterday
13913 Quail Pointe Drive, Ste B
Oklahoma City, OK 73134
405-843-6100/office
www.ParmanLaw.com
