Avoiding Probate

Avoiding Probate

Steps one takes to prevent one's estate going through probate court after one's death. Probate court can be expensive and time-consuming for one's survivors and thus steps are often taken to avoid it. One may avoid probate in a variety of ways; examples include making gifts to relatives and sharing property ownership with a spouse.
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That's an example of Jennie Clark Stewart's second reason for estate planning: avoiding probate.
Emerich is Florida Bar Board Certified in Wills, Trusts and Estates, and his practice focuses on estate planning, probate and trust administration, with an emphasis on protecting and preserving his clients' assets, minimizing taxes and avoiding probate.
Should a fixed annuity account holder die before exhausting their account value, the balance can be quickly and efficiently transferred to beneficiaries, completely avoiding probate.
A short-form revocable VISTA trust precedent has also been developed, the Vistra Succession Trust, which is a very cost-effective way of avoiding probate for shareholders of BVI companies.
It should be written into a trust so it pays directly to your beneficiaries, avoiding probate.
POD and TOD beneficiary designations, like joint tenancy and living trusts, are another tool for avoiding probate of property.
Kraemer's 60-MINUTE ESTATE PLANNER: FAST AND EASY PLANS FOR SAVING TAXES, AVOIDING PROBATE, AND MAXIMIZING INHERITANCE (0814473059 $21.
However, at death, the listed beneficiaries immediately become the owners, thereby avoiding probate, as this property is not part of the estate.
1 was enacted to give the spouses the benefit of avoiding probate while receiving a full step up in basis on the first death.
They come to ask questions about minimizing estate taxes, avoiding probate, and Medicaid.
Free Seminar on Living Trusts, a presentation by the American Association of Independent Paralegals, will offer information on avoiding probate, taxes and conservatorship with wills and living trusts, 1 p.