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8 Ways to Avoid Probate (Personal Finance Essentials) [Paperback]

Mary Randolph J.D. (Author)
4.6 out of 5 stars  See all reviews (28 customer reviews)


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Paperback, May 18, 2008 --  
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There is a newer edition of this item:
8 Ways to Avoid Probate 8 Ways to Avoid Probate
$14.73
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Book Description

May 18, 2008 1413308570 978-1413308570 7
Save your family money, time and headaches with a few easy steps. Probate can drag on for years, and can easily cost your family thousands of dollars -- money that would otherwise have gone to them.

8 Ways to Avoid Probate offers simple but effective methods to skip the entire process -- plus real-world examples of how others have used them. In the end, you'll understand:

  • payable-on-death accounts
  • naming beneficiaries
  • special procedures for small estates
  • using joint ownership of property
  • creating a living trust
  • making gifts of property and money
  • and more

    The 7th edition provides the latest estate and gift tax rules, updated 50-state tables on simplified probate, new IRS rules on inherited IRAs and 401(k)s. And more on how to leave real estate without probate -- 10 states now allow a special deed for this purpose. (20090101)

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    Editorial Reviews

    Review

    Consumer friendly... (San Diego Union-Tribune 20090101)

    Randolph takes the position that the probate process is an unnecessary expenditure of time and money. (Library Journal 20090101)

    You'll find more complete details for each state in Nolo's 8 Ways to Avoid Probate. (Los Angeles Times )

    Recommended. (Modern Maturity )

    From the Publisher

    Save your family money, time and hassle --quickly and easily

    Product Details

    • Paperback: 288 pages
    • Publisher: NOLO; 7 edition (May 18, 2008)
    • Language: English
    • ISBN-10: 1413308570
    • ISBN-13: 978-1413308570
    • Product Dimensions: 9 x 7.3 x 0.7 inches
    • Shipping Weight: 1 pounds
    • Average Customer Review: 4.6 out of 5 stars  See all reviews (28 customer reviews)
    • Amazon Best Sellers Rank: #1,057,103 in Books (See Top 100 in Books)

    More About the Author

    Mary Randolph earned her law degree from the Boalt Hall School of Law at the University of California, Berkeley. She is the author of The Executor's Guide: Settling Your Loved One's Estate or Trust, 8 Ways to Avoid Probate, Every Dog's Legal Guide: A Must-Have Book for Your Owner, and Deeds for California Real Estate. She is also a coauthor of the legal manual for Quicken WillMaker Plus. She has been a guest on The Today Show and has been interviewed by many publications, including the Wall Street Journal, the Los Angeles Times, the San Francisco Chronicle, and more. She lives in the San Francisco Bay Area with her family.

     

    Customer Reviews

    28 Reviews
    5 star:
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    4 star:
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    3 star:    (0)
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    Average Customer Review
    4.6 out of 5 stars (28 customer reviews)
     
     
     
     
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    Most Helpful Customer Reviews

    14 of 16 people found the following review helpful:
    5.0 out of 5 stars If you live in Texas read this, January 27, 2006
    I have perused several books on this topic and found this one to be much more informative about how Texas laws are very unique in regards to avoiding probate. In fact, most other books don't even mention this. It seems that for every one of these avoidance techmiques, the TX laws are very different in very specific ways and if you don't have everything done according to the letter of the TX law, you could end up with big problems. For example, only in the state of TX do you have to sign a separate written agreement with just the right language and other specifics in order for right of survivorship to actually work in avoiding probate. Not many people are aware of this and even most of the bankiing institutions are unaware. Even the big banking institutions will tell you that their methods are valid and correct when, in fact, they are not. Several cases have gone to the TX Supreme Court because of this. Don't let it happen to you. It is a huge problem. This book educates you on every issue and how it has to be handled differently in different states.
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    18 of 22 people found the following review helpful:
    5.0 out of 5 stars wonderful read, December 26, 2000
    By A Customer
    I just recently used this book as part of my study to gain continuing professional education credits for my CPA license. I found it to be an excellent source for anyone who is currently planning his or her family's financial future. It's easy to understand, direct, and written with common-sense language. I will be recommending this book to my clients.
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    14 of 17 people found the following review helpful:
    5.0 out of 5 stars 8 Ways to Avoid Probate by Mary Randolph, March 30, 2000
    By A Customer
    I rate this book very highly. It was very informative and easy to follow. Each section covered the topics to the fullest. This book is very easy to understand and I would recommend it to anyone looking for answers on how to avoid probate and how to go about making a living trust. There are many books on the market about this subject, but I feel this book covers it all.
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    Inside This Book (learn more)
    Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
    plan your estate, regular probate, affidavit procedure, community property agreement, simplified probate, living trust document, joint tenancy property, alternate beneficiary, successor trustee, young beneficiaries, alternate beneficiaries, beneficiary form, gift tax return, different beneficiary, revocable living trust, avoid probate, minimum withdrawals, surviving owner
    Key Phrases - Capitalized Phrases (CAPs): (learn more)
    Minors Act, Glance Pros Cons, Declaration of Trust, Denis Clifford, Uniform Transfers, New York, New Mexico, Code Ann, Ohio Rev, South Carolina, New Hampshire, Durable Power of Attorney, West Virginia, Uniform Gifts, Sample Affidavit, Land Records Office
    Browse Sample Pages:
    Front Cover | Table of Contents | First Pages | Index | Surprise Me!
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