Attorney Mary Randolph details eight key strategies to avoiding the probate money pit, including how to:
-- set up payable-on-death bank accounts
-- name a beneficiary for retirement accounts
-- register stocks and bonds in transfer-on-death form
-- register vehicles in transfer-on-death form
-- create a living trust.The carefully revised second edition, sprinkled with updated state laws, includes a new chapter of case studies and sample situations illustrating Randolph's probate avoidance tactics.
Includes worksheets and sample letters, as well as state-by-state charts that pinpoint which strategies are viable in each state.