8 Ways to Avoid Probate

8 Ways to Avoid Probate

Number of page: 296
Author: Mary Randolph
Publisher: Nolo
Rating:
Category: Business & Economics

Did you know
If you plan carefully, your estate may not have to go through the process of probate. Probate can drag on for years, and can easily cost your family thousands of dollars–money that would otherwise have gone to them.
8 Ways to Avoid Probate offers simple and effective methods for skipping the probate process so that property goes directly to the intended beneficiaries. Using the simple, plain-English instructions, you’ll learn how to create a savvy estate plan. Find out about:
setting up payable-on-death accounts
naming beneficiaries, including children, institutions, and multiple beneficiaries
naming beneficiaries for retirement accounts, vehicles, real estate, and stocks and bonds
special procedures for small estates
holding property in joint ownership, and alternatives to joint ownership
using a living trust to avoid probate
making gifts of property and money
This edition provides updates to estate and gift tax laws, updated 50-state tables on simplified probate, and additional information on how to bequeath real estate without probate–12 states now offer a special deed for just this purpose.