How to Stay out of Probate Court.
Avoiding probate doesn't have to be difficult. Many people can use these simple and effective ways to ensure that all, or some, of their property passes directly to their heirs, without going through probate court. Living trusts were invented to let people make an end-run around probate. The advantage of holding your valuable property in trust is that after your death, the trust property is not part of your estate for probate purposes. (It is, however, counted as part of your estate for federal estate tax purposes.) That's because a trustee -- not you as an individual -- owns the trust property. After your death, the trustee can easily and quickly transfer the trust property to the family or friends you left it to, without probate. You can convert your bank accounts and retirement accounts to payable-on-death accounts. You do this by filling out a simple form in which you list a beneficiary. When you die, the money goes directly to your beneficiary without going through probate. Several forms of joint ownership provide a simple and easy way to avoid probate when the first owner dies as well (but does not protect against probate upon the second death so is not necessarily a good long-term probate avoidance technique). Come speak with an experienced estate attorney at Sagaria Law, and see which option is the best fit for you.