Jennifer Surmacz discusses Probate Horrors to Private Estate Planning
Listen to the interview on the Business Innovators Radio Network: https://businessinnovatorsradio.com/interview-with-jennifer-surmacz-founder-of-posterity-legal-discussing-the-horrors-of-probate/
One of the key takeaways from Jennifer Surmacz is the discussion on how probate can be a lengthy and costly process. Jennifer highlighted that probate cases can often drag on for years, especially when complexities or disputes are involved. She provided examples of cases, such as Martin Luther King’s probate estate, which remains open after 40+ years due to ongoing disputes over various issues.
Moreover, Jennifer emphasized that the costs associated with probate can accumulate significantly over time. She mentioned that court costs, attorney’s fees, and other expenses can add up, leading to what she described as “death by a thousand paper cuts.” These costs include fees for court processing, publishing notices in newspapers, and other administrative expenses necessary to settle the deceased person’s estate through probate.
Additionally, Jennifer pointed out that attorney’s fees are a significant component of probate costs. Attorneys handling probate cases often bill by the hour, which can incentivize prolonging the process to increase their earnings. This financial incentive for attorneys can contribute to the overall cost of probate for the estate and the beneficiaries involved.
Overall, Jennifer highlighted the importance of understanding the potential length and costs associated with probate. By showcasing real-life examples, and discussing the various expenses involved in the probate process, she underscored the need for individuals to consider alternatives, such as setting up a trust, to avoid the complexities and financial burdens of probate court.
Therefore, Jennifer Surmacz underscores the importance of understanding that a will alone may not be sufficient to avoid probate. To truly bypass the probate process and its associated costs and delays, individuals should consider setting up a comprehensive estate plan that includes a trust. By establishing a trust and properly funding it with assets, individuals can ensure that their estate can be transferred to beneficiaries without the need for court supervision, ultimately avoiding the probate process altogether.
Jennifer said: “”At Posterity Legal Services, we specialize in making Estate Planning effortless through our cutting-edge “Technology Assisted Estate Planning” system. Our proprietary platform simplifies the process, offering intuitive tools designed to guide you seamlessly through each step. Backed by our experienced legal team, we ensure that your estate planning journey is clear, informed, and personalized to meet your unique needs. Discover peace of mind with Posterity Legal Services, where modern technology meets expert guidance for a straightforward estate planning experience.”
Video Link: https://www.youtube.com/embed/vqMfYtHEBbY
About Jennifer Surmacz
Jennifer Surmacz is passionate about helping clients understand the legal intricacies of estate planning. She translates complex legal concepts into easy-to-understand options for each client based on their unique circumstances.
Jennifer was born into a military family and lived in several states before settling in Oklahoma. She graduated from Mustang High School as Valedictorian and a National Merit Scholar. Jennifer earned a Bachelor of Arts in Political Science and a Minor of Arts in Sociology from the University of Oklahoma. She earned her Juris Doctor at Oklahoma City University School of Law.
Jennifer is licensed to practice law in Missouri, Oklahoma, Nevada, and the Federal District of Maryland. She has experience in Estate Planning, Probate, Contracts, Family law, Federal Civil litigation, and ERISA Federal Class Action litigation. Jennifer also served as a Special Public Defender for Juveniles in Canadian County, Oklahoma and St. Louis and St. Charles counties in Missouri.
Jennifer served terms as 10th Circuit Lieutenant Governor of the American Bar Association LSD, and Vice President of Women’s Law Student Association. She is a member of the American Bar Association, the Phi Alpha Delta legal fraternity, the Oklahoma Association of Justice, the National Association of Professional Women, Lawyers Fighting Hunger, and Gene Slay’s Boys and Girls Club. Jennifer is also a black belt and national champion in Tae Kwon Do.
Learn More: https://www.posteritylegal.com/
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