One of the purposes of estate planning is to keep estates out of probate. However, there are some approaches that are commonly used to avoid probate that can create their own problems. Here are two common errors to avoid: Mistake …
Naming Beneficiaries to Avoid Probate: Benefits and Risks
Naming beneficiaries to bank accounts and other assets is a tactic that is commonly used for avoiding probate in California and throughout the United States. Assigning beneficiaries to accounts can offer a few potential advantages: ♦ Low cost: The process …
Why Parents Should Consider a Living Trust
In California and elsewhere, naming beneficiaries to bank accounts and other assets is a common approach to avoiding probate. While this can be a prudent practice for some individuals, this tactic can prove problematic for those who pass away while …