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Most people think they must have a large estate before they start worrying about estate taxes and probate costs. While this could be true with regards to federal and state transfer or inheritance taxes, not so true with regards to probate costs. Avoiding probate doesn’t mean avoiding taxes. If you don’t care about probate cost or privacy after your death, then this article will not interest you. However, if you are concerned, then read on. I do not plan on giving you legal advice but attempt to get you thinking about leaving the maximum dollars to your heirs or charitable organization(s). You should consult your legal adviser on anything I say here. Keep in mind, if you are married, your spo
