What is a probate avoidance trust?

A probate avoidance trust is an estate planning tool used to reduce costs and time associated with the probate process. It is a type of trust that allows the assets of a decedent to pass directly to beneficiaries without going through the probate process. In Kansas, a probate avoidance trust can be used to transfer property or assets that were owned by the decedent at the time of death. This trust can be used to transfer and manage these assets before and after death, while avoiding the costly and lengthy probate process. The trust is typically set up with the help of an attorney or financial advisor, and it requires the decedent to transfer ownership of their assets into the trust. Once the trust has been established, the assets can pass directly to the beneficiaries named in the trust without the need for court intervention. This can save time and money for the beneficiaries, and it can give them access to the assets quickly. Probate avoidance trusts are a helpful tool for those who desire to avoid the cost and delay of probate and to ensure that their assets are handled according to their wishes after death.

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