How do I create an estate plan? Why did I not create one and now I have to go to probate court? These questions are very straightforward when deciding what is the right answer. The right answer is explained through these tips on how to avoid probate court as a whole. Probate court can not only cause stress but it can also cause splits between different members of a family.
By following these certain tips, you and your family will be able to avoid probate court without that worry hanging over your head on whether it is a good decision or not to go to probate court.
- Give away property
- Establish a joint ownership for the real estate
- Establish a joint ownership for other property, other than real estate
- Pay-on-death financial accounts
- Process of transfer-on-death security measures
- Process of transfer-on-death for motor vehicles
- Process of transfer-on-death for real estate
- Living trusts
- Making a will
- Taking advantage of the small estate provisions in the law
If deciding whether probate court is where you should be, consider these tips and how you can advance on them as quickly as possible!
Michelle Profit is an estate planning attorney serving Maryland and the District of Columbia. A Harvard Law School graduate, she has worked in the financial services industry for over 20 years. A dedicated advocate for all of her clients, Michelle Q. Profit personally handles each client case from start to finish to meet the client’s needs and objectives. Michelle listens in the consultation sessions and works with any other client accountants or financial planners to create a comprehensive estate plan.
Photo by Thomas Martinsen on Unsplash
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