2006-10-12 05:13:03 · 5 answers · asked by chrissylou 1 in Business & Finance ➔ Taxes ➔ United States
You can't avoid probate completely (unless you never die). Any assets that are not in your name at the time of death will not pass though probate. A trust is the most common method of keeping items out of probate. This does not technically require an attorney, but I strongly recommend using one. Laws regarding trusts are complex and if there are any problems, you won't be around to explain your intent. Some items can be passed directly by owning them jointly with the 'right of survivorship'. Your attorney can explain that to you as well.
2006-10-12 12:57:00 · answer #1 · answered by STEVEN F 7 · 0⤊ 0⤋
Set up a trust AND put your assets in the trust. You need an attorney for that.
2006-10-12 05:16:50 · answer #2 · answered by porkchop 5 · 1⤊ 0⤋
Have designated beneficiaries for all assets (insurance, bank accounts, and investments) and designate all other assets to someone in a will or a trust.
2006-10-12 08:22:14 · answer #3 · answered by brenden b 2 · 0⤊ 1⤋
set up a Trust
2006-10-12 05:15:07 · answer #4 · answered by Anonymous · 0⤊ 0⤋
die penniless
2006-10-12 07:48:19 · answer #5 · answered by jinenglish68 5 · 1⤊ 0⤋