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Understanding the Types of Estates

Learn the difference between intestate, probate, and trust estates — and why having a plan in place can protect your assets and loved ones.

Updated over a week ago

When someone passes away, how their assets are distributed depends on whether they’ve created a plan — and what kind of plan it is. This article breaks down three key estate types: Intestate Succession, Probate Estate, and Trust Estate — each with different outcomes for families, timelines, and privacy.


Intestate Succession

What happens when there’s no plan?

If someone passes away without a valid will or trust, their estate is distributed under their state’s intestacy laws. That means:

  • The court decides who receives what.

  • Assets are typically distributed to the closest surviving relatives.

  • The process is public and may not reflect what the person would have wanted.

Why it matters

Without clear instructions, families can face delays, added expenses, and unintended outcomes.


Probate Estate

What happens when there’s a will?

If someone has a will, their estate usually goes through probate — a court-supervised process to:

  • Validate the will

  • Pay off debts and taxes

  • Transfer remaining assets to beneficiaries

Probate can take several months (or longer) and is part of the public record.

Things to keep in mind

Probate often involves court filings, legal fees, and a waiting period — and may not be ideal for those who value privacy or efficiency.


Trust Estate

What happens with a trust?

A trust estate is created when someone sets up a revocable or irrevocable trust and transfers their assets into it during their lifetime. Key benefits include:

  • Avoiding probate entirely

  • Keeping assets and distribution details private

  • Ensuring assets are managed if the person becomes incapacitated

  • Controlling when and how beneficiaries receive their inheritance

Why clients choose this path

A trust offers more control, faster transfer of assets, and reduced legal hassle — especially in complex family or financial situations.


How We Help

Estate Guru’s platform is built to guide clients through each step of the estate planning process, with modern technology and attorney oversight. Whether someone needs a will, a trust, or both, we help ensure their plan is built for their life — and ready for whatever comes next.

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