Rather than rely upon your own ability to correctly decipher the law and properly use legal language, many people use prepaid legal services and standardized, fill-in-the-blanks forms.
It is designed to ensure your property is distributed according to your wishes, within legal confines, and that all of your legally enforceable debts are paid before assets are transferred.
It is not just the poor and uneducated who die intestate.
Celebrities such as Howard Hughes, Pablo Picasso, and Sonny Bono all failed to have wills, as did Swedish author Stieg Larsson, best known for “The Girl With the Dragon Tattoo” series of novels.
There are certain fees and costs associated with probate – usually ranging between 3% and 8% of assets – whether or not you have a will.
These costs can include the following: The legal transfer of your property or the creation of guardianships of your children occurs through the probate process.