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Probate is the process of proving your will, administering your estates, and disseminating the assets you own to your beneficiaries. It sounds simple and possibly advisable — but in reality probate is a slog. It can be difficult to get through the probate process without months, or even years, passing. This is why it is often best for a grantor to do everything he or she can to avoid the probate process. Or, to put it another way, to package their assets in a way that most of their estate doesn’t go through the probate process.
So how can this be achieved? There are a few simple steps that a grantor can take to protect his or her asset from the probate process:
Source: FindLaw, “Avoiding the Probate Process,” Accessed Oct. 25, 2017