The ninth updated edition of 8 ways to avoid probate provides readers with solid advice on easy methods that can skip the probate process from naming payable on death beneficiaries for financial accounts and owning property jointly to creating living trusts and more its been completely updated to include the latest estate laws and gift tax rules and offers a focus on the transfer on death . Joint ownership is the only way to avoid probate for non registered accounts a pod or tod designation allows you to decide to whom the property will transfer or be paid upon your death as it will be paid or transferred directly to the designated party it will not be subject to probate taxes. Payable on death bank accounts offer one of the easiest ways to keep money even large sums of it out of probate all you need to do is properly notify your bank of whom you want to inherit the money in the account or certificate of deposit the bank and the beneficiary you name will do the rest bypassing probate court entirely. Adding a joint owner to a bank account an investment account or to a real estate deed will also avoid probate provided that its clear that the account is owned as joint tenants with rights of survivorship and not as tenants in common that word survivorship makes all the difference
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