Ways To Avoid Probate

In addition to joint tenancy, other ways for avoiding probate during estate planning includes establishing a savings account trust, opening a payable-on-death bank account and adding a transfer-on-death designation to any securities you own. Assets in these accounts will pass automatically to the person you designate as beneficiary without the need for probate. Life insurance Read more…

Avoiding Probate – Payable On Death Accounts

Avoiding Probate Through Joint Bank Accounts  While the living trust is the most flexible device used to avoid the costs and delays of probate, there are much simpler ways of effectively accomplishing the same things. One such way is through what is known as a “payable-on death” accounts. Here are some common questions and answers. Read more…

Avoiding Probate Joint Tenancy

Avoiding Probate – Joint Tenancy The purpose of probate is to ensure that your estate gets properly distributed to your heirs. Most people seek to avoid probate because it can be expensive, inaccurate and slow. Probate can slow down the transfer of estate property for many months, sometimes for years. Probate may also be expensive, Read more…

Conservatorships

Types Of Conservatorships A Conservatorship is a court action, commonly brought by an interested party, usually an adult child of an aging parent who petitions the court to appoint a fiduciary called a conservator whose legal duty it is to make all major legal and financial decisions for the benefit of a person called the  “conservatee” who, no longer possesses the mental Read more…