Taking a few simple steps now can mean sparing your family and beneficiaries a lot of time and money. Probate court proceedings can drag on for a year and cost tens of thousands of dollars. With 8 Ways to Avoid Probate , you'll learn how to create an optimal estate plan by: naming payable-on-death beneficiaries for financial accounts leaving real estate with transfer-on-death deeds using a living trust, and naming the right beneficiaries for IRAs, 401 (k)s, and other retirement plans. If you want to save your heirs time and money, read this book! Probate court proceedings can drag out and cost tens of thousands of dollars in attorney and court fees--money that would otherwise have gone directly to your loved ones. This book explains how to avoid probate and easy ways to spare your family the hassles of probate court. Once you understand the benefits of some of the most effective probate avoidance tools and know how to avoid probate by naming beneficiaries for valuable assets, you'll be ready to protect your family from the time and costs of probate. You'll learn about the benefits of using living trusts, creating transfer-on-death deeds, and setting up pay-on-death designations for bank accounts, retirement funds, securities, vehicles, and more. Once you've implemented the suggestions right for you, you'll have peace of mind knowing you've maximized the property your heirs will receive while minimizing conflict, fees, and wasted time.

This edition includes the latest state and federal laws impacting probate avoidance methods.