3 Ways to Avoid Probate (infographic)
When someone dies, their property passes to their heirs and beneficiaries in one of three different ways. A person’s assets will legally transfer either by title, by contract, or through probate. Most of the time it’s better to avoid probate, which saves the estate costs, allows for ease of administration, is less stressful, and transfers assets quickly. One way to avoid probate is through jointly titling assets. Jointly titling means creating a joint tenancy. In other words, holding an estate or…