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The problem with probate frankly the biggest problem with probate, is not the cost, it's
not the delay, it's the privacy. In every state, the will of the deceased is going to
go through probate, it gets filed at the courthouse. It gets eventually reviewed by the judge,
that's how the judge reads the will and interprets it. In some counties, especially the larger
counties around the country, they are scanning their documents into a computer because it's
too expensive to have paper records and to have clerks go and get the record and all
that. All these documents filed at the courthouse are public records which means anybody in
the public can go get a copy of that. If they are on the internet, which a lot of these
are when somebody passes away, the will of the deceased ends up on the internet. Not
what a lot of people want. In addition to that, the probate inventory has to be filed.
A probate inventory is a list of the deceased property. Now depending on the state that
you live in, that may be a very extensive list, in some states it's a little bit more
truncated. Sometimes creditors are the only ones who get to see the inventory, in other
states like Texas frankly, everybody can see the inventory. It lists how much the deceased
had when the deceased passed away, what financial institutions those accounts are in, how much
were in the accounts on the date of death, what the value of their real estate is, and
the description of the real estate. Very invasive.