Avoiding Probate

When you leave your estate to your loved ones, it typically passes through a process known as probate. This procedure, if you cannot avoid it, can be expensive and lengthy. Probate can tie your assets up in court for more than a year and can cost as much as 5% of your estate due to expenses. For this reason, many people wish to avoid probate in order to spare their beneficiaries the time and costs associated. Thankfully there are some ways you can keep your assets from going through probate before being passed on to your inheritors.

Planning your estate can be a confusing process and taking steps to avoid probate can require some special guidance. If you are in need of sound and knowledgeable legal counsel on your estate, the Houston estate planning attorneys of Garg & Associates, P.C. can help. Contact our offices today at 281-362-2865.

Strategies for Avoiding Probate

There are several ways you can avoid probate for most or all of your assets. The following are various methods you can pursue or combine in order to accomplish your different goals for your property:

  • Create a Living Trust – By opening a living trust, you can specify in your will how and when property in the trust will be distributed by the trustee upon your death. This property is not held in probate.
  • Joint Ownership – By filling out forms for joint ownership of property, the property transfers directly to the sole ownership of the survivor upon your passing.
  • Gifts – By simply giving part of your assets away to the beneficiaries of your choice before your passing, probate is avoided completely.
  • Payable-On-Death Bank Account – By opening an account that will go directly to an inheritor upon your death, probate is avoided completely. You can also use this for securities and vehicles, and in some states, real estate.

These strategies can help you avoid the lengthy and expensive process of probate and ensure that your beneficiaries get their inheritance without having to deal with endless legal procedures.

Contact Us

Planning what will happen after you pass away can be difficult, but the Houston estate planning attorneys of Garg & Associates, P.C. can help you make effective and secure plans for your estate and beneficiaries. To speak with an experienced attorney, contact us today at 281-362-2865.

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Garg & Associates, PC | 21 Waterway Avenue, Suite 300 | The Woodlands, Texas 77380 Please call 281-362-2865 | Fax: 866-743-4506
Serving The Woodlands, Spring, Houston, Conroe, Kingwood, Tomball, Cypress, Huntsville, Cleveland, Stafford, Montgomery County, Harris County, West Oaks, Memorial, Sugar
Land, River Oaks, Alief, Stafford, Missouri City, and Southwest Houston Texas.