What is the best way to protect your estate from probate?

What is the best way to protect your estate from probate?

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Madison
Assistant at Parklin Law

Estate planning is a subject that tends to generate fear and confusion among people, but it doesn't have to be. When most of us think about estate planning, we imagine a vast estate with millions of dollars in assets being passed on from one generation to the next. However, estate planning is for everyone—no matter how much or how little you have to leave behind when you die.

The best way to protect your estate from probate is to plan ahead and make sure everything is organized and up to date.

Another way for an individual to protect his or her estate from probate is with a revocable living trust. A living trust is an entity that holds title to certain property or assets in your name. Unlike a will, which requires probate upon your death and can only deal with tangible assets like real estate and bank accounts, a living trust can be used to hold any type of asset including stocks, bonds, mutual funds and business interests. A living trust also gives you the ability to decide whom you want as the successor trustee who will manage your affairs after your death.

A living trust is usually created when someone creates what's called a declaration of trust, which is a legally binding document that names the beneficiaries and appoints the successor trustee(s). The declaration of trust can be drafted by yourself using software, or can be drafted by an attorney.

If you have any questions or in need an Estate and Probate Attorney, we have the Best Attorneys in Utah. Please call this law firm for free consultation.

We help you with Estate Planning, Wills, Trusts, Power of Attorney, Health Care Directive, Estate Administration, Probate and More

Parklin Law - Estate Planning

5772 W 8030 S, # N206

West Jordan UT 84081

(801) 618-0699

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Planning Your Legacy? Do the right things in the right way. Find the support you need when fighting for your rights. Business Law Estate Planning Trusts & Probate Prenuptial Agreements Featured Post Wills And Estate Planning Attorney Near Me No matter how much money you have it is important to have a basic….. Read More
https://www.parklinlaw.com/
Parklin Law
Estate Planning Attorney in West Jordan
https://parkin-law.business.site/

40.605070, -112.027530

Disclaimer: This is not legal advice and is simply an answer to a question and that if legal advice is sought to contact a licensed attorney in the appropriate jurisdiction.

Location: Cedar City, UT, USA

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