From Our “Ask a Question” Mailbag: “My wife and I live in Philadelphia but own a New Jersey Shore home. I have been told that when we die because the vacation home is out of state, our children need to go through probate in both Philadelphia and New Jersey. Is […]
Tag: Avoiding Probate
From Our “Ask a Question” Mailbag: “I am getting older, and when I die, I want the process to be as easy as possible for my children. What steps can I take to make the process painless? What are your suggestions on how to prepare for Probate?” How to Prepare […]
From Our “Ask a Question” Mailbag: “What steps can I take to make Probate easy for my son? Can you tell me how to make Probate boring?” How to Make Probate Boring? Since the beginning of ownership, humans have had Probate. Probate is the process we go through to divide […]
From Our “Ask a Question,” Mailbag: “My son lives out of state, so I want to make handing my estate easier for him. How do you avoid probate in New Jersey?” How do you avoid probate in New Jersey? First, let’s make sure you know what you are trying to […]
From Our “Ask a Question,” Mailbag: “My estate isn’t that large, but I want to make giving it to my son as easy as possible. How do you avoid probate in Pennsylvania?” How Do You Avoid Probate in Pennsylvania? First, let’s make sure you know what you are trying to […]
From Our “Ask a Question,” Mailbag: “I want to make things easy for my children. How Do You Avoid Probate in PA?” How Do You Avoid Probate in NJ? You can avoid probate by taking certain steps. But, these steps can affect how you enjoy your assets during your lifetime. […]
From Our “Ask a Question” Mailbag: “Please give me Examples of Avoiding Probate.” Examples of Avoiding Probate: Avoiding Probate with a Revocable Living Trust. Mr. Philadelphia had his Estate Planning Lawyer draft a Revocable Living Trust. Mr. Philadelphia served as the sole trustee during his life and moved all […]
From our “Ask a Question” Mailbag: Inheritance and Probate Most Recently Updated August 10, 2018. Inheritance and Probate When a person passes away, in some situations, the estate must be settled through a legal process known as probate. This is an important step for beneficiaries to receive assets from the […]
From Our “Ask a Question” mailbag: Life Insurance is a Non-Probate Asset, Unaffected by You Will:
“My sister went to jail, so mother changed her Will and gave me the entire estate. She forgot to remove my sister from her life insurance. Now I hear life insurance is a Non-Probate Asset. Who gets the life insurance?”
From our “Ask a Question” mailbag: I have been reading about trusts to avoid probate. Can a trust help my estate avoid probate?
Trusts come in all shapes and sizes and can help you meet many different goals. If your goal is to avoid probate, you could use a Revocable Living Trust, or you could use any number of different Irrevocable Trusts. Both categories help your estate avoid probate.
