Episode 6: Estate Planning 101 – What is Probate?

March 12, 2024


In our final Estate Planning 101 video, Merit Financial Advisors’ Wealth Manager Kelly Gallimore breaks down the probate process, shedding light on what can often seem like a daunting endeavor. She clarifies that probate isn’t as expensive or complicated as some may think. Kelly walks us through the general steps of probate, like filing petitions and handling taxes, emphasizing the importance of understanding state-specific variations and the role of the executor, and stresses the importance of having an estate plan. Without one, the state decides what happens to your assets and who takes care of your minors. Watch the video below for simple guidance on the probate process.

We hope you find this video educational and informative. Please contact your Merit Financial Advisor if you have any questions concerning your current estate plan or how to begin planning.

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The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. This information is not intended to be a substitute for individualized legal advice. Please consult your legal advisor regarding your specific situation.
Posted in Estate Planning, Financial Planning, Miscellaneous, Wealth Management