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Probating an estate is an expensive, time-consuming and sometimes adversarial affair. It is possible, and sometimes advisable, to avoid probate. With the help of an estate planner and, perhaps, an ...
A trust would have helped Pete’s family avoid probate, protect their privacy, and minimize estate taxes when his father died. ... Then, you can compare various policies and choose one that best ...
The list could serve you well as you consider the structure of your living trust. Probate explained: Best not go there. ... (ILIT) to avoid estate taxes. Assets held in other countries.
The good news is that, with the right strategy, you can help facilitate a smooth transfer of assets to your loved ones — and potentially avoid the costly and slow process of probate. Here are ...
Image source: Getty Images. 1. You can often avoid the dreaded probate process. Probate is a legal process in which a court determines a will's validity and then oversees the distribution of the ...
You can also name multiple beneficiaries and specify the division of assets according to your wishes. Avoidance of probate costs: A TOD account can help heirs avoid some probate-related expenses ...