probate avoidance JUST WRITTEN FOR YOU
/prəˈbeɪt əvənˈdɑːns/ · prob·a.te.av·oid·ance
noun
- The act or practice of minimizing or avoiding the probate process, typically by transferring assets to trusts or beneficiaries. The lawyer specialized in probate avoidance strategies to help her clients minimize estate taxes.
noun
- A plan or arrangement designed to avoid the probate process, often involving the transfer of assets to trusts or other entities. The couple's estate plan included a probate avoidance strategy to ensure their assets were distributed according to their wishes.
verb
- To minimize or avoid the probate process, typically by transferring assets to trusts or beneficiaries. The family chose to probate avoid their assets to reduce estate taxes and administrative costs.
Did you know? Probate avoidance strategies have become increasingly popular in recent years, with many individuals seeking to minimize the time, cost, and complexity associated with the probate process.