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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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.
Avoiding probate 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.
Avoiding probate and passing assets to heirs estate-tax free maybe the main goals.
Avoiding probate 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 of property.
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.