probate Archives - Page 2 of 2

Ultimate Guide: How to Sidestep Probate in Michigan

August 26, 2024 by Tania

Probate is the legal process of administering a deceased person’s estate. It can be a lengthy and expensive process, and it can also be public record. Avoiding probate can save time, money, and privacy.

There are several ways to avoid probate in Michigan. One way is to create a revocable living trust. A living trust is a legal document that transfers your assets to a trustee, who will manage them according to your instructions. When you die, the assets in the trust will pass to your beneficiaries without going through probate.

Essential Tips on How to Avoid the Hassles of Probate Court

August 25, 2024 by Tania

Probate is the legal process of administering a deceased person’s estate, which includes identifying and valuing the assets, paying off any debts, and distributing the remaining assets to the beneficiaries. Probate can be a time-consuming and expensive process, so many people look for ways to avoid it.

There are a number of ways to avoid probate, including:

Ultimate Guide: Avoiding Probate in Ohio – Strategies and Tips

August 14, 2024 by Tania

Probate is the legal process of administering a deceased person’s estate, which includes identifying and valuing the assets, paying off any debts, and distributing the remaining assets to the beneficiaries. Avoiding probate can save time and money, and it can also help to keep your financial affairs private.

There are a few different ways to avoid probate in Ohio. One way is to create a living trust. A living trust is a legal document that allows you to transfer your assets to a trustee, who will manage them for your benefit during your life and distribute them to your beneficiaries after your death. Another way to avoid probate is to make joint ownership of your assets with someone else. When you own assets jointly with someone else, the assets will automatically pass to the other owner upon your death.

Ultimate Guide to Probate Avoidance in Ontario: Strategies for Simplified Estate Planning

August 13, 2024 by Tania

Probate is the legal process of administering the estate of a deceased person. It can be a lengthy and expensive process, and it can also be avoided in some cases. In Ontario, there are a number of ways to avoid probate, including:

One common way to avoid probate is to create a joint tenancy. A joint tenancy is a form of ownership in which two or more people hold title to property jointly. When one joint tenant dies, their interest in the property automatically passes to the surviving joint tenant(s), without going through probate.