by Charlotte Wood
(last updated February 21, 2009)
You can avoid anything in life except death and taxes; one of those things associated with death that you can avoid is probate. When you die, who wants to worry about having to pay taxes on what you've left behind or who wants to pay exorbitant fees to sort out the validity of a will? That is most definitely not something I'd like to do and fortunately there is a way to completely avoid that.
First of all what is probate? Probate is simply the verification of a will, but that can be time consuming and expensive, so if you can avoid it, do. There are a few ways with which you can avoid probate, some of which are more time consuming than others, but all worth looking into.
Dying unfortunately is more expensive than we think and if you can reduce the amount of money you have to spend when you die, then by all means do it! Avoiding probate isn't so hard and you (and your family) will be glad you did!
Today more than 50% of all credit reports have errors. You are entitled to a free credit report annually, take advantage ...Discover More
There are many options for tapping into your home's equity. Banks offer several kinds of home-equity financing options ...Discover More
Living on a fixed income is a challenge. If you or a loved one is living on a fixed income it is important to stay on top ...Discover More