8 Ways to Avoid Probate Author:Mary Randolph 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 the... more »m. 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.