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Blog 2017 August How to Avoid Probate
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How to Avoid Probate

Posted By Law Office of Kathryn Marteeny || 22-Aug-2017

Probate is generally easy to avoid, though many fail to do so. The method that will best serve you will depend on how your assets are titled and who you would like to inherit your estate in the event of your death. Consider some of these tips for avoiding probate and consult with an attorney to ensure you take the proper path.

  • Get Rid of Your Property: One of the most extreme ways you can avoid the probate of an estate is to simply get rid of all property. Without property, there will not be an estate that needs to be probated. That said, this generally is not practical since you will need money to live until your death. However, you can still give away most of your assets through a special type of trust of which you can be a beneficiary.
  • Joint Ownership: Add a joint owner to a bank account, investment account or to the deed for a real estate. This will help avoid probate if it is clear the account is owned as joint tenants with rights of survivorship rather than as tenants in common.
  • Use Beneficiary Designations: If you own life insurance or assets held in a retirement account, you can avoid probate by simply using beneficiary designations.
  • Revocable Living Trust: This is a written agreement that covers three phases of your life, including while you are alive and well, incapacitated, and after your death. Signing this agreement is not enough to avoid probate after your death, however. You will have to take your assets and title them in the name of your trust.

Houston Probate Attorney

If you are facing probate, you will need the assistance of a Houston probate attorney. At the Law Office of Kathryn Marteeny, our Houston legal team can assist clients involved with handling probate.

Contact our office today at (713) 936-2300 to schedule a consultation today!

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Law Office of Kathryn Marteeny
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