The Probate Process, Part Four

 

Our estate lawyers in Cary NC are here with a few final thoughts that can help you better understand the probate process. Today, we are going to focus on a list of things that might need to go through the process, in the event that you pass on without an estate plan or will in place, or other instances where the court deems it necessary.

Probate | Estate Lawyers Cary NC

  • Cars or boats registered in transfer-on-death form, depending on the state law
  • Co-owned U.S. savings bonds
  • Funds in a payable-on-death bank account
  • Household goods
  • Life insurance earnings in cases where a rare beneficiary is named by the estate
  • Other items that may go to immediate family members under state law
  • Pension plan dispersals
  • Property held in communal property with right of survivorship, depending on state law
  • Property held in joint tenancy with right of survivorship
  • Property owned as occupants by entirety with a spouse, depending on state law
  • Property that has been listed in a living trust
  • Real estate in cases where a valid transfer-on-death deed is available, depending on state law
  • Retirement accounts, IRAs or 401(k)s that have named a beneficiary
  • Securities listed in transfer-on-death options
  • U.S. savings bonds that have been registered in payable-on-death options
  • Vehicles that go to immediate family members under state law
  • Wages, commissions, or salary that is owed to the deceased, up to a certain amount

Our estate lawyer in Cary understands that this process can be quite confusing. Contact us to set up a consultation to talk about your current estate plan and further discuss probate and how you might avoid it. If you don’t have an estate plan in place, consider working with us to create one. For more information about probate, visit back with our previous blog post, as well.

Klish and Eldreth, PLLC | Estate Lawyers in Cary NC

If you don’t have an estate plan in place or haven’t reviewed yours in several years, now might be the best time to start. Our estate lawyers in Cary NC are here to help you get your estate plan in order and ready should you pass in an untimely manner or become incapacitated at some point. It’s better to be safe than sorry when it comes to an estate plan. Contact our office today to get started estate planning.

As always, feel free to contact us at our office to schedule a consultation if you are looking for a lawyer to represent you in other legal matters. We are here to assist you with small business needs, trademarking, copyrighting and DWI issues. Call now.

Visit with other blogs in this series to learn more:

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