Medicaid Qualifying Plan Asset Eligibility?
What is Probate? Probate is the legal process required to transfer property owned individually by a decedent to his or her beneficiaries. Probate is only necessary when the decendent has assets that no one else can gain access to for payment of debts, expenses and the ultimate estate. Therefore, you may have a wealthy decedent who dies with a will (testate) but who held all of their assets jointly with their spouse or in a trust and nothing in their own name. This decedent would not have a probate estate. (Click here for more information about the probate process.) IF AVOIDING PROBATE IS A CONCERN, PLEASE CONTACT ME. I CAN HELP. top Is Joint Tenacy a Good Substitute for a Will or a Trust? It would be quite easy to plan your Estate so that all assets are jointly owned. However, holding property jointly may not be the most desirable way to avoid the probate process. There are other ways to insure your property is inherited quickly and without cost to your heirs. There are countless probl
