Estate Planning Myth #3: A Will Avoids Probate
Many people believe that once they have created a will (or a last will and testament if the drafter was particularly old fashioned)—whether drafted by an experienced attorney, or using a DIY solution or online form— they have avoided probate and adequately protected their families. Unfortunately, in most instances they are wrong! What is probate? Well to answer that question simply, probate is a lawsuit you file against yourself when you die for the benefit of your creditors.