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What Is the Probate Process?

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    Part of the video series: Finance & Investment Tips

    From Quick Guide: of Love and Money

    Summary: The probate process deals with individuals that do not have a will and the court process deals with financial matters for the family estate. Avoid the hassle of losing family inheritance money to the government by creating a will with tips from a registered financial consultant in this free video on finance and investment.

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    By Patrick Munro
    eHow Presenter

    Patrick Munro's affinity for investing and financial matters began more than 20 years ago with business education and service throughout the ranks of the banking, insurance and...read more

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    Video Transcript

    "This is financial advisor Patrick Munro discussing what is the probate process. Probate is a process where by an individual who passes away without a will, has to go through municipal court process and his estate or assets can be charged by the local municipality and they'll essentially have them tied up until a certain amount of taxes are paid back to the municipality. This is completely avoidable if an individual has a will or a trust and has their financial affairs arranged such as when they die that their estate and assets pass on to a beneficiary. This is very, very key to avoid probate because it's painful to the family to lose money to governmental agencies when in fact that money and assets could pass on in the bloodline. This is Patrick Munro discussing what is probate."

    eHow Article: What Is the Probate Process?

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