8 Ways to Avoid Probate

Exam Questions: 30
Course Level: Basic
Pages: 240 | Content: 178, Supplemental: 62
NASBA Area of Study: Finance
Not Acceptable for: Enrolled Agents
Version: 7670A

This course offers easy and effective ways to skip the probate process so that property goes directly to the intended beneficiaries and avoids costly and time-consuming court proceedings. You'll learn how to create a savvy estate plan and find out more about utilizing a living trust. It will address naming payable-on-death beneficiaries for financial accounts and the right beneficiaries for IRAs, 401 (k)s, and other retirement plans. It will also touch on when you should own property jointly, leave real estate with transfer-on-death deeds, and provide you with procedures to follow for small estates. PLEASE NOTE: Not accepted for Enrolled Agents. All course material provided. No prerequisites. Course level: Basic.

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Course Information

Table of Contents
  • Introduction
  • Set Up Payable-on-Death Accounts
  • Name a Beneficiary for Your Retirement Accounts
  • Name a Beneficiary for Your Stocks and Bonds
  • Name a Beneficiary for Your Vehicles
  • Name a Beneficiary for Your Real Estate
  • Hold Property In Joint Ownership
  • Create a Living Trust
  • Take Advantage of Special Procedures for Small Estates
  • Make Gifts
  • Putting it All Together
  • To identify the specifics of probate
  • To recognize the intricacies of POD accounts
  • To identify the options for naming beneficiaries for retirement accounts
  • To identify the options for naming beneficiaries for stocks and bonds
  • To identify the options for naming beneficiaries for vehicles
  • To identify the options for naming beneficiaries for real estate
  • To recognize the nuances of taking title as joint owners
  • To identify how a will is different from a living trust
  • To recognize the benefits of affidavits and the simplified probate process
  • To identify the rules regarding the gift tax

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