It's common advice to get a Will or a Trust created as part of your estate planning strategy. Often times, many people don't understand what happens when those type of documents "kick-in."
When it comes to your Will, you're heirs will most likely get to experience the probate process after you die.
So what is the probate process and how does it work?
In this podcast episode, Derek talks about the purpose of probate, the advantages and disadvantages, and what type of assets will be subject to probate when you die.
Enjoy the show!