How to Avoid Probate in California with EstateLDA

  1. List and name beneficiaries on each account that will allow it.
  2. Establish a Trust into which you leave your property and assets that may be transferred at the time of death.
  3. Set up accounts/property to be held jointly so that they are transferred to the other party on death. By establishing joint ownership of your property with right of survivorship, you may avoid probate as the title to that property is transferred to the surviving owner.  Be sure to check with your state about the difference between ‘Tenancy by the Entireties’ and ‘Joint Tenancy with Rights of Survivorship’, which may apply only to married couples.

Probate may be required when a person passes away and leaves unassigned assets. For example, money in a bank account to which the deceased was the sole account holder.  In this situation, the financial institution may ask for a grant of probate before they will release the funds to the executor.  Avoiding probate with EstateLDA may be very affordable and simple.

As always, when in doubt, consult a qualified attorney.  While we often work with and for attorneys, EstateLDA should not replace your attorney.