What is probate avoidance?

Probate avoidance is the process of avoiding probate court. Probate is the legal process of distributing a person’s estate after they pass away. Your estate is composed of all your assets such as real estate, investments, and personal property. When a person dies, the probate process helps ensure that a deceased person’s wishes are carried out in accordance with the law and their estate is distributed to the beneficiaries or heirs. In the state of New York, probate avoidance is possible, meaning that the court process is not always required. For example, if the deceased person’s estate is under a certain value, the court procedure may not be necessary. Additionally, some assets such as life insurance policies, joint tenancies, and trust assets, can be distributed without having to go through probate. Probate avoidance can save a considerable amount of time and money since the process can be expensive and lengthy. However, it is important to note that there are certain legal requirements that must be met in order to successfully avoid probate. You should seek the advice of an experienced attorney to ensure that you meet the necessary criteria for avoiding probate in the state of New York.

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What is probate avoidance?

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