He 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
The possibility of avoiding probate
(to the extent all of the grantor's assets have either been transferred to the trust or are subject to beneficiary designations), coupled with the ability to protect against detrimental decisions being made when the grantor becomes incapacitated, is a very attractive aspect of a revocable living trust.
Your objective may be to simply make sure that your loved ones are provided for Or you may have more complex goals, such as avoiding probate
or reducing estate taxes.
generally remains a goal in most states, but since most assets can now pass by beneficiary designation, clients have few assets left to transfer to a living trust and avoid probate.
That's an example of Jennie Clark Stewart's second reason for estate planning: avoiding probate
It should be written into a trust so it pays directly to your beneficiaries, avoiding probate
Annuities are also a great option for avoiding probate
and passing assets to heirs estate-tax free maybe the main goals.
means confidentiality, he noted, and the older generation is very conscientious about privacy.
POD and TOD beneficiary designations, like joint tenancy and living trusts, are another tool for avoiding probate
Kraemer's 60-MINUTE ESTATE PLANNER: FAST AND EASY PLANS FOR SAVING TAXES, AVOIDING PROBATE
, AND MAXIMIZING INHERITANCE (0814473059 $21.
Where the grantor wishes to minimize estate administration costs and delay at death by avoiding probate