Reliable The probate process is needed when someone perishes and leaves behind possessions or a will. This safeguards the beneficiaries, debtors, and creditors of the dead person's estate. The court also assigns a guardian to care for a minor or an incapacitated adult by managing their financial resources. An estate plan is crucial if: you have children; you have investments and properties; you worry about your financial status if you were incapacitated; you fear probate, or you do not know the power of an estate to your loved ones when you pass away; you are concerned about your kids or grandchildren; you aim to minimize or prevent estate taxes; and you have kids under the age of 18.
