Avoiding probate can save your estate thousands of dollars and months in probate court. The following are some probate avoidance techniques.
1
Using Revocable Living Trust To Avoid Probate
Creating a Revocable Living Trust allows you to hold your assets in the trust thereby avoiding the necessity of probate upon your death. At death, your successor trustee follows the provisions of the trust without involving an attorney or the Courts.
2
Using Beneficiary Designations To Avoid Probate
By using payable on death ("POD") designations or transfer on death ("TOD") designations, your bank or investment accounts can be transferred to the people you name without the necessity of probate.
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