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I want to emphasize that this information is not to be taken as legal advice. The information in this article and previous ones, are a result of professional classes I have taken and reading on the subject. You should always consult your own legal advisor before taking any action. Again, the purpose of avoiding probate is to keep your privacy and not to save on federal or state death taxes. Probate avoidance has no effect on your family’s right to inherit, or legal obligations to your creditors. With that in mind, to help keep your privacy, you may want to consider creating a “Living Trust” which is also called a “Revocable Living Trust.” Lawyers call it an “Inter Vivos Trust.” You have tota
