5 ways to avoid Probate in Houston, Texas

5 ways to avoid Probate

5 ways to avoid Probate

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How can I avoid probate?

In the event of someone’s death, there are a number of things that need to be done in order to wrap up their affairs. One of the most important – and often complicated – is handling their estate. Probate is the legal process through which a deceased person’s property is transferred to their beneficiaries. While it’s necessary in some cases, there are a few ways to avoid probate altogether. Here are five of them:

1. Transfer property ownership before death

One way to avoid probate is to transfer all or part of your property ownership before you die. This can be done through a will, trusts, or other legal documents. If everything is set up correctly, the transfer will happen automatically when you die,and there will be no need for probate.

2. Make use of beneficiary designations

Another way to avoid probate is to make use of beneficiary designations. Many types of property can be transferred this way, including bank accounts, stocks, and insurance policies. When you designate a beneficiary, that person will automatically receive the property when you die – bypassing the need for probate.

3. Use a living trust

A living trust is another way to avoid probate. It’s a legal document that allows you to transfer ownership of your property while you’re still alive. This can be done through a will or other legal document. The advantage of using a living trust is that it allows you to avoid probate and keep control of your property while you’re alive.

4. Name a power of attorney

A power of attorney is a legal document that names someone to make decisions on your behalf if you become incapacitated. This can include decisions about your property and estate. If you name someone as your power of attorney, they can avoid probate and handle everything on your behalf.

5. Use a joint tenancy

A joint tenancy is a type of ownership in which two or more people own property together. When one of the owners dies, the property automatically goes to the other owner(s). This bypasses the need for probate.

While probate can be a complicated process, there are ways to avoid it altogether. If you’re looking for a way to simplify things after someone’s death, these are just a few options to consider.

How do I contact a Brown Law Probate Lawyer?

To speak with a lawyer at Brown Law about your Probate needs, call our offices. We are pleased to offer a complimentary initial consultation.

To reach our firm, call +1 (713) 554-4975 or contact us by email.