1. What are the steps involved in the probate process?
The steps involved in the probate process typically include filing the will with the court, notifying the beneficiaries and creditors, gathering and valuing assets, paying debts and taxes, and distributing the remaining assets according to the will or the Will, Estates and Succession Act.
2. How can I protect my assets in estate planning?
To protect your assets in estate planning, you can utilize strategies such as creating a will or trust, establishing a power of attorney, gifting assets, purchasing life insurance, and considering tax-efficient planning.