How Do You Avoid Probate When Real Estate Is The Only Asset To Transfer?
When you die, your assets will go to someone else, depending on the terms of your will and other estate planning documents you have. If you have only real estate to transfer, you could potentially transfer it to a beneficiary without forcing that person to go through the probate process. Probate can be a long, drawn out, potentially costly process. Your beneficiaries will appreciate being able to take ownership of your real estate without experiencing probate. Add the name of the beneficiary to the property title. This will create a scenario in which you own the property jointly with your beneficiary. Simply visit the title office and arrange for the addition of the beneficiary’s name to the title. You can usually do this for a nominal fee. When you die, the joint owner of the property will automatically assume ownership without probate. This is often the way that spouses will hold a piece of real estate. Set up a trust with the help of an estate planning attorney. A trust will facilit
