Tags
Assets, Avoiding Probate, Belligerent Beneficiaries, Claims against The Estate, Common Estates, Creditors, Debts, Estate Obligations, Estate Plan, Estate Planning Strategy, Estate Property, Executor, Inheritors, Notice To Creditors, Taxes, Unintended Consequences
Avoiding probate as a strategy and fulfilling your estate obligations can work together if planned properly. Although avoiding probate is a preferred estate planning strategy, the strategy will fail if your plan overlooks taxes and debts. Therefore, while planning, you must account for all taxes and debts of the estate or unintended consequences may result.