When you plan for your retirement, it is a good time to plan your estate, too. Probate Attorney in Davenport, IA from David J. Franks, P.C. is someone who can help guide you through the process. This professional is also available to help those who find out their loved one left behind an estate with financial issues such as bankruptcy.
Here are three reasons to consider consulting with a probate attorney.
What is Probate?
Probate is the legal process that determines how your assets are distributed after you pass. If you leave a will, the probate process simply verifies the validity of the will. Then, the wishes in your will are executed. A legal professional can walk you through this procedure before you pass. He can also help those whose loved one has just passed.
How Does Probate Affect You?
Probate impacts everyone but in different manners. Probate is not necessary if you leave behind a will that is valid. Without a will and other estate planning, your family members have to go through probate. Assets must be accounted for, valued and distributed.
How Does Probate Affect Bankruptcy?
Life is not perfect. The unexpected can occur and negatively impact your finances including your estate. If you pass and there are bankruptcy issues that could take claim your assets, your family is encouraged to consult with an attorney for help.
To request more information about estate planning, contact Probate Attorney Davenport, IA from David J. Franks, P.C.
