8 Ways to Avoid Probate

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Nolo, Apr 16, 2010 - Law - 292 pages
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Avoid probate and save time and money with these eight strategies

Probate can drag on for years, and can easily cost your family thousands of dollars -- money that would otherwise have gone to them. 8 Ways to Avoid Probate offers simple and effective methods for skipping the probate process so that property goes directly to the intended beneficiaries.

Your estate doesn't have to go through probate. You can avoid probate by creating a savvy estate plan, and 8 Ways to Avoid Probate shows you how. This book offers simple but effective methods to skip the entire process -- plus real-world examples of how others have used them. Find out about:

  • setting up payable-on-death accounts
  • naming beneficiaries, including children, institutions, and multiple beneficiaries
  • naming beneficiaries for retirement accounts, vehicles, real estate, and stocks and bonds
  • special procedures for small estates
  • holding property in joint ownership, and alternatives to joint ownership
  • using a living trust to avoid probate
  • making gifts of property and money

    The 8th edition provides updates to estate and gift tax laws, updated 50-state tables on simplified probate, and additional information on how to bequeath real estate without probate -- 12 states now offer a special deed for just this purpose.
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    Contents

    3 Name a Beneficiary for Stocks and Bonds
    57
    4 Name a Beneficiary for Your Vehicles
    71
    5 Name a Beneficiary for Your Real Estate
    83
    6 Hold Property in Joint Ownership
    95
    7 Create a Living Trust
    123
    8 Take Advantage of Special Procedures for Small Estates
    157
    9 Make Gifts
    173
    10 Putting It All Together
    189
    Glossary
    207
    State Information
    217
    Index
    269
    Related Products
    275
    Copyright

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    About the author (2010)

    Mary Randolph earned her law degree from the Boalt Hall School of Law at the University of California, Berkeley. She is the author of The Executor's Guide: Settling Your Loved One's Estate or Trust, 8 Ways to Avoid Probate, Every Dog's Legal Guide: A Must-Have Book for Your Owner, and Deeds for California Real Estate. She is also a coauthor of the legal manual for Quicken WillMaker. She has been a guest on The Today Show and has been interviewed by many publications, including the Wall Street Journal, the Los Angeles Times, the San Francisco Chronicle, and more. She lives in the San Francisco Bay Area with her family.

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