Short description
Eight simple money- and time-saving strategies to avoid probate.
Long description
Save your family money, time and headaches with a few easy steps. Attorney Mary Randolph details eight key strategies to avoiding the probate money pit, including how to: set up payable-on-death bank accounts, name a beneficiary for retirement accounts, register stocks & bonds and vehicles in transfer-on-death forms, hold property in joint ownership, take advantage of special procedures for small estates, create a living trust and give away property now. The book includes worksheets and sample letters, as well as state-by-state charts that pinpoint which strategies are viable in each state. The 7th edition provides the latest estate and gift tax rules, new IRS rules for inherited IRAs and 401(k)s, and now includes a ninth method: Using transfer-on-death deeds to pass on real estate.