Martin Folino - Probate Attorneys - Dayton Ohio

 

The mention of “probate” causes anxiety attacks for clients.  They know that they need to take steps to “avoid probate”. But most clients don’t really understand what is “probate” and how easy it is with proper planning to “avoid probate”. A better understanding of these two concepts can alleviate the anxiety which most clients have on the process. This is simply a summary of some of the techniques which are available to avoid probate. Whether or not any of these techniques are truly applicable to an individual situation depends upon the review of the individual facts of each client’s situation by a qualified legal professional.

Avoiding Probate and Dealing with Probate Issues - Dayton Ohio

Avoiding Probate - Living Trusts and Insurance

Avoiding Probate - Living Trust Avoiding Probate - Insurance

Not only is it possible to have beneficiary designations on life insurance policies, annuities and retirement accounts, but recent changes have made it possible to create beneficiary designations for bank accounts, brokerage accounts, mutual funds and in Ohio, real estate. The use of these beneficiary designations is an extremely easy and inexpensive way to avoid probate. ‚ÄĚLiving Trusts have traditionally been an effective method of avoiding probate as well.

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