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Probate

What Are The Advantages And Disadvantages Of Probate?

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The following chart describes the basic advantages and disadvantages of probate. If, after reading the chart, you'd like to learn more about avoiding probate, read: Will Substitutes - Avoiding Probate.

PROBATE: ADVANTAGES & DISADVANTAGES


Advantages to Probate


Disadvantages to Probate


Helps assure that the instructions in your Will are carried out.


Court costs and fees.

 


Increases the chances that all concerned parties will be informed of your death.

 


Usually time-consuming for your Personal Representative/Executor and possibly your heirs as well.


Provides for the orderly administration of your assets.


Can cause delays in transferring your assets to your heirs.


Aside from a Will, no additional legal documents are required for passage of assets.


Subjects the amount, identity and distribution of your assets to public view.

 


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