Probate avoidance is a strategic approach to managing your estate to bypass the potentially lengthy and costly probate process.

Probate avoidance is a strategic approach to managing your estate to bypass the potentially lengthy and costly probate process. Key tools and techniques include creating a Revocable Living Trust, which allows assets to be transferred to beneficiaries without court intervention. Additionally, holding property jointly with rights of survivorship ensures that ownership automatically passes to the surviving owner. Beneficiary designations on accounts such as life insurance, retirement plans, and transfer on death (TOD) bank and brokerage accounts also facilitate direct transfer of assets. Lastly, in Washington, executing a Transfer on Death Deed (TODD) for real estate ensures that property is transferred to named beneficiaries without probate. Utilizing these methods can streamline estate administration and provide peace of mind for both you and your loved ones.

If you have questions about probate avoidance techniques or other estate planning questions, give us a call at 253.858.5434 to set up an appointment today. We represent clients throughout Washington and Idaho and are available to meet in person, by phone, or via video conference.