The goal of estate planning to make sure there are no squabbles over your assets. As you begin to work with an estate planning attorney in North Palm Beach, you’ll learn all about what is a probate and a non-probate asset. Hopefully, you’ll be able to designate beneficiaries for your entire estate. Creating a will means following the advice of an experienced estate planning lawyer in North Palm Beach.
Probate Asset Basics
As your estate planning attorney in North Palm Beach will explain, a probate asset is anything that would be subject to the probate process. In other words, whatever you list in your will that has to be disbursed is a probate asset. Common probate assets can include the following:
• Bank accounts
• Personal property
Your estate planning lawyer in North Palm Beach will inform you that the “right of survivorship” can come into play in probate matters. This is where someone like a spouse or direct heir will automatically inherit these assets. Usually, this occurs when there isn’t a will to designate “who” gets “what.” You don’t want to leave anyone guessing as to what was your true intent.
An Estate Planning Attorney in North Palm Beach Provides Peace of Mind
When you’ve concluded the work on your will with your estate planning attorney in North Palm Beach, you’ll have a great sense of relief. You’ll know that your family will be taken care of. Al Morici, Attorney at Law, is the exact type of estate planning attorney in North Palm Beach you want setting up your legacy. Call his offices today at 561-471-2551 to being making those important discussions.