Nebraska probate attorneys often receive questions about the process, what it is, and how to avoid it. At The Law Offices of Bromm, Lindahl, Freeman-Caddy & Lausterer in Wahoo, NE, experienced estate planning attorneys clarify uncertainties and help individuals make decisions about how to distribute their assets after they pass away.
Below, these skilled lawyers answer a few frequently asked questions about probate:
What Is Probate?
Probate is the process of administering a deceased person’s estate. If an individual leaves a last will and testament, it is offered for authentication, and the terms are carried out. When no will exists, the probate court appoints an administrator to distribute any assets.
What Happens to Assets When Someone Passes Away Without a Will?
Passing away without a will is called dying intestate. Nebraska has intestate succession laws that state the order of distributing the deceased person’s estate assets, which may go to a surviving spouse or other relatives. Drafting a will allows an individual to control who receives their possessions and when they are distributed.
Do Young Parents Need Wills?
Wills are the only way for parents of minors to designate guardians. Parents can provide provision for the care and financial support of their kids by creating testamentary trusts and name trustees to administer the assets until the children are capable of handling their inheritances.
Is a Will the Only Way to Distribute Property?
Individuals can pass property without wills and avoid probate by designating beneficiaries. Assets such as bank accounts, life insurance policies, and pension benefits can pass to named beneficiaries upon an owner’s death.
Spouses often decide to hold title to real estate in joint tenancy with right of survivorship. When one spouse passes away, the property passes to the surviving spouse automatically without probate.
If you’d like to discuss probate and estate planning with a seasoned attorney, the professionals at The Law Offices of Bromm, Lindahl, Freeman-Caddy & Lausterer offer extensive experience in the field. Founded in 1893, they have evolved to stay up-to-date and are rated highly as a firm. Visit them online now to learn more about their practice, and call (402) 443-3225 to schedule your consultation appointment today.