Summary
Save your family money, time and headaches with a few easy steps.
Probate can drag on for years, and can easily cost your family thousands of dollars -- money that would otherwise have gone to them.
8 Ways to Avoid Probate offers simple but effective methods to skip the entire process -- plus real-world examples of how others have used them. In the end, you'll understand:
- payable-on-death accounts
- naming beneficiaries
- special procedures for small estates
- using joint ownership of property
- creating a living trust
- making gifts of property and money
- and more
The 7th edition provides the latest estate and gift tax rules, updated 50-state tables on simplified probate, new IRS rules on inherited IRAs and 401(k)s. And more on how to leave real estate without probate -- 10 states now allow a special deed for this purpose.
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