• Patrick D. Newton is a North Carolina Board Certified Specialist in Estate Planning and Probate Law.

Fund your Living Trust to avoid Probate

I often meet with people who wish to avoid probate. Probate is a public court proceeding required to transfer a person’s assets at death. Probate can be lengthy and expensive. All assets owned in individual name (or jointly without survivorship) can only transfer to your loved ones through probate. Ways to avoid probate include survivorship rights, beneficiary designation and use of a trust. Assets owned jointly with right of survivorship automatically transfer to the survivor at death, but theā€¦

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