Dawn Richards LAW

Joint Accounts: A Simple Probate Bypass

Probating a will and distributing an estate's assets is a process that can drag on for months or even years, especially in complicated situations.

Delays may result from any of the following circumstances:

Multiple beneficiaries.
Disputes.
Will contests.
Creditors.
Taxes.
Court oversight.

However, beneficiaries can sidestep such a lengthy process with the help of vehicles such as trusts. A simpler and cheaper solution may be creating one or several joint accounts. You can open a joint account with anyone, including a parent, a child, a sibling, a spouse, an elderly person with caregivers, a business associate and even a friend. Subscribe to our newsletter for the full article by visiting our website at www.dawnrichardslaw.com.

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