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8 Ways to Avoid Probate Paperback – Jan 2001


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Paperback, Jan 2001
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Product Details

  • Paperback: 240 pages
  • Publisher: Nolo; 3rd edition (January 2001)
  • Language: English
  • ISBN-10: 0873377095
  • ISBN-13: 978-0873377096
  • Product Dimensions: 22.9 x 17.9 x 1.4 cm
  • Shipping Weight: 363 g
  • Average Customer Review: 5.0 out of 5 stars  See all reviews (1 customer review)
  • Amazon Bestsellers Rank: #2,725,623 in Books (See Top 100 in Books)

Inside This Book (Learn More)
First Sentence
Payable-on-death bank accounts offer one of the easiest ways to keep money-even large sums of it-out of probate. Read the first page
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Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
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Most helpful customer reviews

By A Customer on July 20 2002
Format: Paperback
Get the book, read it twice and avoid the time, expense and aggravation of a probate. Having gone through a probate, I can tell you that this is something you want to avoid.
Mary Randolph does an excellent jobs of giving you simple techniques that let you bypass most or all of the probate process.
Again, the book is worth the money.
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Most Helpful Customer Reviews on Amazon.com (beta)

Amazon.com: 36 reviews
14 of 16 people found the following review helpful
If you live in Texas read this Jan. 27 2006
By William R Shuman - Published on Amazon.com
Format: Paperback
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.
18 of 22 people found the following review helpful
wonderful read Dec 26 2000
By A Customer - Published on Amazon.com
Format: Paperback
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.
14 of 17 people found the following review helpful
8 Ways to Avoid Probate by Mary Randolph March 30 2000
By A Customer - Published on Amazon.com
Format: Paperback
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.
7 of 8 people found the following review helpful
Worth every penny. July 20 2002
By A Customer - Published on Amazon.com
Format: Paperback
Get the book, read it twice and avoid the time, expense and aggravation of a probate. Having gone through a probate, I can tell you that this is something you want to avoid.
Mary Randolph does an excellent jobs of giving you simple techniques that let you bypass most or all of the probate process.
Again, the book is worth the money.
2 of 2 people found the following review helpful
Excellent for its Limited Purpose July 1 2010
By James Mcritchie - Published on Amazon.com
Format: Paperback Vine Customer Review of Free Product
This is a very specialized book about avoiding probate, not a general book on writing a will or estate planning. Given that caveat, Mary Randolph does a great job. I've been through probate in California and wish I hadn't. Luckily, I was assisted by another great Nolo Press book, How to Probate an Estate in California. Not only was the process expensive but it was very time consuming. This book may help you avoid it altogether, or at least for much of your estate.

Most of the strategies offered are relatively simple. With regard to real estate, for example: Transfer property to a living trust. Hold property in joint tenancy. Hold as community property. Prepare a transfer-on-death deed. Not only does Ms. Randolph tell you how to do it, change it, and consider your alternatives, she also writes about what to watch out for. For example, at TOD deed may temporarily interfere with your eligibility to receive Medicaid benefits and the state may seek reimbursement from a recipient's assets.

To get you thinking, here are the 8 strategies: Payable-on-Death Accounts, Name Beneficiary for Retirement Account, for your vehicles, your real estate, hold property in joint ownership, create a living trust, take advantage of special procedures for small estates, and make gifts. Sure, you know how to make a gift but did you know, for example, if you deed your house over to your son but retain the right to receive rent, the transaction is not a legal gift?

Randolph puts it all together, provides several helpful case studies and includes a glossary as well as a very important appendix comparing the states.


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