FINANCIAL SERVICES Q: What is probate? A: Many people have heard they should avoid probate, but few understand what probate is and how the process works. Probate is the legal process that wraps up a person's legal and financial affairs after their death. During the probate process, a person's property is identified, cataloged, and appraised. It can be a complex and expensive process, as the costs may reach 5% or more of the estate's value. Also, probate can take a long time-anywhere from a few months to more than a year: Finally, probate takes place in a public court, so there is no privacy. Most want to avoid probate, but only those who plan ahead actually will. Will you be one of those successful few? Securities offered through LPL Financial. Member FINRA/SIPC. North Oaks FINAN CIAL SERVICES MARK N. MILLER 1255 Gun Club Road White Bear Lake, MN 55110 Office: 651-998-9822 info@northoaksfs.com www.NorthOaksFS.com ASK THE EXPERT WE WANT YOUR ADVICE! Call or Email Leanne Swanson: (651) 407-1223 northoaks@presspubs.com FINANCIAL SERVICES Q: What is probate? A: Many people have heard they should avoid probate, but few understand what probate is and how the process works. Probate is the legal process that wraps up a person's legal and financial affairs after their death. During the probate process, a person's property is identified, cataloged, and appraised. It can be a complex and expensive process, as the costs may reach 5 % or more of the estate 's value . Also , probate can take a long time-anywhere from a few months to more than a year: Finally, probate takes place in a public court, so there is no privacy. Most want to avoid probate, but only those who plan ahead actually will. Will you be one of those successful few? Securities offered through LPL Financial. Member FINRA/SIPC. North Oaks FINAN CIAL SERVICES MARK N. MILLER 1255 Gun Club Road White Bear Lake, MN 55110 Office: 651-998-9822 info@northoaksfs.com www.NorthOaksFS.com ASK THE EXPERT WE WANT YOUR ADVICE! Call or Email Leanne Swanson: (651) 407-1223 northoaks@presspubs.com