How can planning ahead help to avoid probate?
If you plan ahead, you can avoid the costly and time-consuming process of probate. There are several ways to plan ahead and avoid probate, including:
- Creating a trust
- Designating a beneficiary for your life insurance policy or retirement account
- Naming an heir for your property
Each method has its own advantages and disadvantages, so you should consult with an attorney to find out which option is best for you.