Estate Planning Strategies to Avoid Probate

Can answer your questions about the pros and cons of using a Last Will and Testament, Trust, and/or other methods in your Estate Plan. We can help you choose the Estate Plan best suited to your situation, a cost-effective simple Will or a Revocable Living Trust.

If avoiding Probate is a primary goal of an Estate Plan, there are numerous approaches that can be developed. Some of the available planning techniques include co-ownership of assets with rights of survivorship, designation of beneficiaries, transfer on death designations, transfer on death deed, Revocable Living Trusts, Special Needs Trusts, Irrevocable Trusts, gifts, or a combination thereof. Each technique has positive benefits and potential negative impacts. The best combination of techniques will vary with each case’s unique combination of facts. Some techniques are rather simple to set up. Simplicity has its benefits, but sometimes a simple approach can lead to unintended consequences. Some techniques are complicated to set up, to understand, and to successfully follow through to the reward; however, the effort and costs could have great rewards for your family after your death.