Categories
Elder Law Estate Planning Legal Topics New Legal Developments

New Way to Avoid Probate on Real Property

ThinkstockPhotos-477832872Probate avoidance is a primary consideration for estate planners and their clients. A revocable trust is usually the vehicle of choice for making nonprobate transfers, but alternatives have always existed for personal property such as cash in the bank, retirement plan benefits, and brokerage accounts. For real property, no such vehicle existed. Until January 1, 2016, that is.