Review of 8 Ways to Avoid Probate,9781413308570

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8 Ways to Avoid Probate

Paperback
Edition: 7
Author: Mary Randolph
Publisher: NOLO
Release Date: 2008-04-15
ISBN-10: 1413308570
ISBN-13: 9781413308570
List Price: ~~$21.99~~
Average Customer Rating:

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Summary:
Save your family money, time and headaches with a few easy steps.

Probate can drag on for years, and can easily cost your family thousands of dollars- money that would otherwise have gone to them.

8 Ways to Avoid Probate offers simple but effective methods to skip the entire process-- plus real-world examples of how others have used them. In the end, you'll understand:

payable-on-death accounts

naming beneficiaries

special procedures for small estates

using joint ownership of property

creating a living trust

making gifts of property and money

and more

The 7th edition provides the latest estate and gift tax rules, updated 50-state tables on simplified probate, new IRS rules on inherited IRAs and 401(k)s. And more on how to leave real estate without probate -- 10 states now allow a special deed for this purpose.

Customer Reviews

Average Customer Rating:

There are choices	Customer Rating:
Book gave various ways to accomplish avoiding probate. Good explanations. As far as I'm concerned, valuable information.

If you live in Texas read this

Customer Rating:

I have perused several books on this topic and found this one to be much more informative about how Texas laws are very unique in regards to avoiding probate. In fact, most other books don't even mention this. It seems that for every one of these avoidance techmiques, the TX laws are very different in very specific ways and if you don't have everything done according to the letter of the TX law, you could end up with big problems. For example, only in the state of TX do you have to sign a separate written agreement with just the right language and other specifics in order for right of survivorship to actually work in avoiding probate. Not many people are aware of this and even most of the bankiing institutions are unaware. Even the big banking institutions will tell you that their methods are valid and correct when, in fact, they are not. Several cases have gone to the TX Supreme Court because of this. Don't let it happen to you. It is a huge problem. This book educates you on every issue and how it has to be handled differently in different states.

Worth every penny.

Customer Rating:

Get the book, read it twice and avoid the time, expense and aggravation of a probate. Having gone through a probate, I can tell you that this is something you want to avoid.

Mary Randolph does an excellent jobs of giving you simple techniques that let you bypass most or all of the probate process.

Again, the book is worth the money.

wonderful read	Customer Rating:
I just recently used this book as part of my study to gain continuing professional education credits for my CPA license. I found it to be an excellent source for anyone who is currently planning his or her family's financial future. It's easy to understand, direct, and written with common-sense language. I will be recommending this book to my clients.

8 Ways to Avoid Probate by Mary Randolph	Customer Rating:
I rate this book very highly. It was very informative and easy to follow. Each section covered the topics to the fullest. This book is very easy to understand and I would recommend it to anyone looking for answers on how to avoid probate and how to go about making a living trust. There are many books on the market about this subject, but I feel this book covers it all.