Cut Out Probate Using A Payable On Death Designation
When it comes to making it easier on loved ones after your death, there are few estate planning moves easier than creating payable on death (POD) designations. This way of distributing assets to your beneficiaries puts your estate beyond the reach of the probate court so read on to learn more. Probate Can Consume Your Estate Unless you take action, your estate will be forced to undergo the probate process. Probate is a legal manner of ensuring that creditors are not left without the means to be paid what they are owed.