Maybe you want probate. Maybe you want the court procedures involving a judge. But know that it usually means at least a year until your heirs get their money. And also know that significant attorney’s fees will be part of the process.
A high-profile Omaha personal injury attorney passed away recently. He owned over two million dollars worth of Douglas County real estate in his own name. His estate is headed for county court. Again, maybe that’s what he wanted. But my view is that his heirs would have been better served with a revocable living trust. It’s quicker and the attorney’s fees to administer the estate are way less.