You may avoid probate on the transfer of some assets at your death through the use of beneficiary designations. Laws regarding what assets may be transferred without probate (non-probate transfer laws) vary from state to state.

Some common examples of assets with beneficiary designations include life insurance death benefits, bank accounts, and IRAs. Care must be taken when integrating these beneficiary designations with your overall estate plan.

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Philip J. Kavesh
Nationally recognized attorney helping clients with customized estate planning guidance for over 33 years.