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PLANNING TO AVOID PROBATE First Run Broadcast: October 29, 2013 1:00 p.m. E.T./12:00 p.m. C.T./11:00 a.m. M.T./10:00 a.m. P.T. (60 minutes) Avoiding probate or other postmortem processes for settling

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What is planning to avoid probate?

Planning to avoid probate involves creating a comprehensive estate plan that includes tools such as trusts, joint ownership, payable-on-death accounts, and beneficiary designations to ensure that assets pass to heirs without going through the probate process.

Who is required to file planning to avoid probate?

Anyone who wishes to ensure that their assets pass to their heirs quickly and efficiently without being subject to probate may benefit from planning to avoid probate. Estate planning is especially important for individuals with significant assets or complex family situations.

How to fill out planning to avoid probate?

The process of filling out planning to avoid probate involves working with an experienced estate planning attorney to create a customized plan based on your unique circumstances and goals. This may include drafting a will, setting up trusts, updating beneficiary designations, and titling assets appropriately.

What is the purpose of planning to avoid probate?

The purpose of planning to avoid probate is to streamline the distribution of assets to heirs, reduce costs and delays associated with probate, maintain privacy, and potentially lower estate taxes. This can help ensure that your wishes are carried out efficiently and that your loved ones are provided for.

What information must be reported on planning to avoid probate?

The information included in planning to avoid probate typically includes a list of assets, property, investments, bank accounts, retirement accounts, insurance policies, debts, and any specific instructions for distribution to heirs. It is important to keep this information up to date and to review your plan regularly.

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