Protecting Your Assets: Understanding Probate and Strategies to Avoid It
Description
Imagine losing your home or assets to probate, the court process that reassigns assets after death. It’s a risky area where creditor claims can attach, and our expert guests Britton Begley and Greg McIntyre from McIntyre Oda Law are here to shed light on how to avoid this. We kick off the conversation with a clear explanation of probate and its potential risks, including the significant cost and time implications.
But it's not all doom and gloom, as Britton and Greg also share three practical strategies to circumvent probate. We unpack the concept of a living trust and discover the protection a ladybird deed can offer your home. Additionally, we learn the importance of designating a beneficiary for assets such as bank accounts and life insurance. Be warned though; certain accounts can still be sucked into probate to satisfy claims. For a candid and insightful conversation, join us and learn how to protect your assets and secure your family's future.
United States
