Wills and Probate Explained: What Happens to Your Assets

A will is the legal document that specifies how you want your assets distributed after you die. Probate is the court process that actually carries out that distribution. In this episode, Ryan explains both, walks through Nevada's default intestate succession order (spouse first, then children, then parents, then siblings), and explains why most people find that default plan reasonable enough.He also covers a few ways to keep assets out of probate entirely, including beneficiary designations, transfer-on-death registrations, and holographic wills as a lower-cost option. The episode is designed to help you understand the basics well enough to have a productive conversation with an estate planning attorney. Because wills and probate involve state-specific law, consult an estate planning attorney before making any decisions.Find "Your Fiscal Physical" the book on AmazonIf you have suggestions or feedback, please email us at: [email protected], as always, Stay the Course!