The passing of a loved one is never easy. In the midst of our pain and mourning, we don’t want to have to rip our focus away from our families to deal with issues of assets or wills. Unfortunately, the estate and assets of our loved ones aren’t things we can avoid. But the probate process doesn’t have to be the frightening experience that many people perceive it to be.
There are several misconceptions about Washington’s probate process that leave people confused and fearful. Let Lyons | Sullivan put your mind at ease by clearing up these ill-founded notions about the probate process.
Misconception 1: Probate is Pricey
In the state of Washington the probate process doesn’t cost as much as one would think. Rather than charging a percentage of the overall value of the estate, attorneys in Washington typically charge an hourly rate for their assistance and expertise.
Misconception 2: Probate is a Lengthy Process
To many, the word “probate” evokes thoughts of long, drawn out court proceedings that take months or years to resolve. In Washington there are several ways that the probate process can be resolved in an acceptable amount of time. Contacting a knowledgeable and experienced law firm can go a long way to making the process run smoothly.
Misconception 3: You Can Avoid Probate with a Revocable Living Trust
Because there is a certain amount of anxiety that comes from the probate process, many people try to find ways to avoid it altogether. One such way is by putting assets into a Revocable Living Trust (RLT). But Washington state law is designed in such a way that it might be more costly and complicated in the long run to avoid the probate process.
The probate process can be unnerving and overwhelming, especially if you have to face it on your own. The good news is that there are attorneys who have the knowledge and experience to help guide you through the process and ensure it goes smoothly. Contact Lyons | Sullivan today to learn more.