Probate is a public legal process where anyone can access court records to view an individual's assets, property locations, and family relationships, making it a miserable process to avoid; to maintain privacy, individuals should properly title their assets in the name of a trust, and for high-profile individuals like celebrities and executives, trusts can be structured to conceal the owner's identity.
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Keep Your Estate PrivateAñadido:
Probate is a public process. So, that means anyone can come into the court system and pull up the files and know exactly what you own and where your property is located and who your relatives are. And it's a very miserable process that we want to avoid at all costs. So, to avoid that public exposure is we ensure that the client's assets are properly titled in the name of their trust. And for high-profile people we can name the trust in a way that doesn't reveal their identity.
So, for celebrities, um very affluent, um executives there's ways that can place your assets into a trust that doesn't necessarily indicate who owns that trust.
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