Mary Randolph earned her law degree from the Boalt Hall School of Law at the University of California, Berkeley. She is the author of The Executor's Guide: Settling a Loved One's Estate or Trust, 8 Ways to Avoid Probate, and other books about law for nonlawyers. She has been a guest on The Today Show and has been interviewed by many publications, including the Wall Street Journal, the Los Angeles Times, the San Francisco Chronicle, and more.
Articles By Mary Randolph
Most states now offer an easy way to leave real estate without going through probate: a transfer-on-death deed.
Leave property without probate using payable-on-death accounts, registrations, and deeds.
Florida has several options when it's time for probate proceedings.
Very few people ever need to pay federal gift tax.
Only six (soon to be five) states still impose an inheritance tax.
If you leave behind more than $5.49 million, your estate might owe Hawaii estate tax.
If you leave behind more than $5 million, your estate might owe Maryland estate tax.
If you leave behind more than $2.193 million when you die, your estate might owe Washington estate tax.
The Ohio estate tax was repealed, effective January 1, 2013.
If you are a North Carolina resident fortunate enough to leave a very large estate, it may owe federal estate tax -- but North Carolina won't levy its own tax.