Probate is in place to provide oversight, but it is time-consuming, and it can be expensive. As a result, it does not always benefit the heirs to the estate.
Topics covered in this report include:
- Payable on Death Accounts
- Life Insurance Proceeds
- Joint Tenancy
- Revocable Living Trusts
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Timothy P. Murphy
Timothy P. Murphy is an estate planning and elder law attorney whose practice emphasizes helping people to build, preserve and pass on their wealth. He works with his clients to accomplish their goals while avoiding unnecessary court proceedings and minimizing or eliminating exposure to death taxes.
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