7 Ways to Keep Your Estate from Landing in Probate, #224
From Retire With Ryan · 18:32
Show by Ryan R Morrissey
In some states, probate is avoidable. However, in many states, you can avoid having your estate go through the probate process. I recently went through the probate process when my grandfather passed away and I helped my father settle his estate. It is far easier for your family to settle your estate once you're gone if it doesn't go through probate. So, in this episode, I'll cover 7 things you can do to keep your estate from landing in probate. You will want to hear this episode if you are interested in... [1:57] Settling my grandfather's estate [4:06] Tip #1: Give things away while you're alive [5:50] Tip #2: Own your real estate jointly [7:16] Tip #3: Joint ownership for non-real-estate [9:43] Tip #4: Use a "Payable Upon Death" account [11:46] Tip #5: Designate beneficiaries on accounts [13:07] Tip #6: Designate a beneficiary for vehicles [13:52] Tip #7: Create a living trust [16:27] Probate is unavoidable in many states Resources Mentioned Retirement Readiness Review Subscribe to the Retire with Ryan YouTube Channel Federal gift tax allowance Connect With Morrissey Wealth Management www.MorrisseyWealthManagement.com/contact Subscribe to Retire With Ryan
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