Ten Ways To Avoid Probate

When someone dies, his or her assets go to people named in a will. If there is no will, the property goes to heirs as set by state law. Courts manage the transfer of property in a procedure called “probate,” a process many people want to avoid because it can be long and expensive.

Over the years several ways have been created to pass property outside the court’s probate process. Today there are more options then ever, but they require some advance planning. Here are ten of the best ways to avoid probate.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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