Review why the "probate avoidance" approach has become so commonplace and consider the impact of a formal probate proceeding on the fiduciaries, the beneficiaries and other key stakeholders, as well as ways the formal probate process can be an effective tool for the protection of all interested parties, even when not required by statute. Originally presented as part of the 63rd Estate Planning Short Course, available in its entirety as P9004-20U.
Credits: 1 General, 0 Diversity/Inclusion PR, 0 MH/SA PR, 0 Other PR
Expires: May 1, 2022
The Relevance of Probate in a Revocable Trust World
”Probate avoidance” has become a driving force in estate planning. This informative session offers a review of why this approach has become so commonplace and considers the impact of a formal probate proceeding on the fiduciaries, the beneficiaries and other key stakeholders, as well as ways the formal probate process can be an effective tool for the protection of all interested parties, even when not required by statute.
Fredrick B. Weber, Northern Trust, Chicago
Jena L. Levin, Foley & Lardner LLP, Chicago
