8 Ways to Avoid Probate Review

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Some simple planning can spare families the cost and delay of probate court proceedings after a loved one's death. Probate can drag on for years, and can easily cost? thousands of dollars -- money that would otherwise have gone to survivors.8 Ways to Avoid Probate offers simple and effective methods for skipping the probate process so that property goes directly to the intended beneficiaries. In plain English, it explains: ? 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 ? streamlined probate 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 This 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 -- nearly 20 states now offer a special deed for just this purpose.