Probate - No Will could be costly.

I noticed this article: The Get-Rich-Quick Crowd Discovers Probate Real Estate (The New York Sun) It is said that there are 1,000,000 estates that go into probate each year because people don't have a will in place. The courts then have to decide how the deceased assets are allocated. That's an alarming number. I can imagine that life insurance planning would be about the same for many people. The point is... if you don't have a plan for your death, your heirs won't receive the full value of what you were planning for them. It's interesting that probate real estate is becoming a big business amongst the get rich crowd. they're getting rich from the lack of planning by the owners of real estate. It's important to get your life insurance and will planning in order.
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