Reply to What’s the process of inheriting money?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Actually a trust expedites thangs and makes it easier. You won’t need to go through probate and everything stays private. [/quote]

There is usually some assets out of the trust or named beneficiaries people don’t think of that force probate.   Have an attorneys office do it.  A paralegal should be able to handle the whole thing.  [/quote]

Will the attorney’s office call financial companies to make sure we are the beneficiaries? Or would they focus on getting other items into the trust?

OP[/quote]

They would do everything. They’ll obtain a list of all assets.  If there is a car or a few savings accounts in the decedents name only that would require probate.   Probably a small estate administrative probate depending on what state you live in.  They know what forms need to be filed and who needs to get notice.  Some probates need to have info published in local newspaper.   All are time sensitive.

Maybe none of these will apply to you but it’s better to ensure everything is done correctly.  
It also helps to have a professional disburse the funds to beneficiaries.  You might have the best family relationships but money can change that. You don’t want anyone accusing you of cheating or self dealing.   The estate pays the cost of the attorneys office.   [/quote]

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