Mary Randolph, «8 Ways to Avoid Probate, 4th Edition»
Nolo.com | ISBN 0873379152 | 4th Edition - March 2003 | PDF | 249 Pages |2,12 Mb
Estate planning? You can save your family time, money and peace of mind with a few easy steps.
Probate court proceedings can drag on for years, and the costs–lawyer's fees, appraisal fees, court fees – can easily eat up thousands of dollars that would otherwise go to your family.
Luckily, there are simple and effective ways to completely avoid probate. Some are so simple that they can be taken care of in the time it takes to open a bank account-and most of them won't cost you a penny.
With 8 Ways to Avoid Probate, learn how to take advantage of eight important – and often overlooked – probate-avoidance strategies:
- set up payable-on-death bank accounts
- name a beneficiary for retirement accounts
- register stocks & bonds, and vehicles, in transfer-on-death forms
- hold property in joint ownership
- take advantage of special procedures for small estates
- create a living trust
- give away property now
Updated state-by-state charts show you which probate-avoidance techniques are available where you live. 8 Ways to Avoid Probate also contains detailed examples of how combining probate-avoidance methods can work for you in different stages of your life.