Probate can be fairly simple, but there are some situations where things get complicated. Every year, nearly 2.5 million deceased American's identities are stolen and used
to open credit cards, apply for loans, get cell phones and conduct other fraudulent financial transactions. Yes, even after death, we are at risk... at least our estates and the estates of our loved ones are. These fraudulent transactions can wind up creating expensive complications in probate proceedings and thereby cause problems for the personal representative(s) and/or recipients of the estate or those involved in the probate.
Identity thieves steal identities in order to apply for credit which they obviously never pay back. The unpaid debts cause the creditors to go after the individual named on the applications. That "individual" is, unfortunately, the deceased. This situation may result in:
The Bottom Line – We are not safe from Identity Theft even after death. Probate can be fairly simple, but there are some situations where things get complicated. A trusted, knowledgeable attorney is your best defense against overpaying for probate.
Contact the estate planning attorneys at Martin & Wagner, P.A. in Rogers, MN. Call us at 763.425.6330 or fill out our contact form for a free 1/2 hour consultation.
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