Personal Finance (Not Investing) • What information is made public during probate?

Privacy is often cited as a reason for preferring beneficiary designations and/or living trusts over wills, but I have not been able to find a concrete list of what actual information is exposed during the probate process. So, what information exactly do either of those methods keep private that would be exposed during probate?

Same examples of the type of information I'm wondering about:

• What your will says
• Who your actual heirs are
• How much money each heir is inheriting
• The total net worth of the estate
• Individual account balances
• Loan balances
• Who you owe money to
• What brokerages/banks you use
• What real estate you own
• The value of each real estate property
• Etc.

Note that I am using the words "probate process" colloquially to mean the entire process, start to finish, of passing assets to your heirs through the use of a will, as opposed to beneficiary designations and/or a revocable living trust.

Statistics: Posted by evancox10 — Tue Sep 03, 2024 11:06 am — Replies 1 — Views 160

---