Learn How to Prepare Your Estate and Avoid Costly Mistakes Want to
avoid probate? Gleaned from his forty-four years as an estate
attorney, Sharp describes the probate process and the many reasons
why it should be your last resort in estate settlement methods in
How to Avoid Probate for Everyone. Living trusts are important, but
there are many alternatives to using a living trust for probate
avoidance. These alternatives are explained step-by-step as Sharp
delves into the details. Examples of such approaches include: While
state laws vary, most allow for expedited procedures for low-value
estates without having to create a trust. There are a dozen
different ways of leaving assets to heirs automatically at death.
Special types of deeds allow you to keep control of your real
estate during lifetime yet transfer it to heirs automatically at
death. There are several ways of titling vehicles that allow heirs
to get them without court procedures. Beneficiary designations on
bank and investment accounts keep them out of your probate estate.
Joint ownership of accounts and real estate can solve inheritance
problems. Common myths and misconceptions about estates and probate
are debunked. Trusts are covered in detail, including a section on
must-use trust provisions to cover common complications and showing
how a trust can easily resolve these. Joint and single trusts are
examined and issues, such as how to handle personal property items,
are suggested. (For instance, who gets the piano?) By avoiding
probate court-supervised adult guardianship and conservatorship,
families can avoid embarrassing and time-consuming incompetency
hearings in court. Samples of the described documents are also
included to give the reader an idea of what the paperwork actually
looks like. Sharp's matter-of-fact explanations will prepare any
reader to take the necessary steps to prepare their estate with
confidence and avoid probate.
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