Archives for posts tagged ‘avoid probate’

Alternatives to Probate

Overview An estate is all property owned by the person who has died (the “decedent”).  A decedent’s property includes life insurance proceeds on life insurance policies owned by the decedent. Administration of an estate is paying the debts of decedent, paying income taxes owed by the estate and decedent, paying estate taxes owed by the […]

Assets Titled inTrust Avoid Probatte

Assets transferred into a Trust avoid probate A Trust is a contract between the creator of the Trust, (the “Settlor”) and a Trustee for the benefit of another person, (the “beneficiary”). The Trust is created while the person is living, hence the term “living trust.”  Typically at the date of creation of the Trust the […]