Episode 6: Estate Planning 101 – What is Probate?

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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Securities offered through LPL Financial, member FINRA/SIPC. Investment advice offered through Merit Financial Group, LLC, an SEC registered investment adviser. Merit Financial Group, LLC and Merit Financial Advisors, are separate entities from LPL Financial. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

Kelly Gallimore is solely an investment advisor representative of Merit Financial Advisors and not affiliated with LPL Financial. Any opinions or views expressed by Kelly Gallimore are his/her own and are not those of LPL Financial. This information is not intended to be a substitute for individualized legal advice. Please consult your legal advisor regarding your specific situation.