How Do I Avoid Probate?

How Do I Avoid Probate?

People often express a strong desire for avoiding probate when discussing their own death of the death of a loved one. My first response to them as a Texas attorney is usually something along the lines of “I understand where you’re coming from, but A) Texas probate generally is not a horribly long or terribly expensive process; and B) there are many times probate alternatives.” Avoiding probate is possible—even without setting up trusts for your assets during your lifetime, although revocable living trusts (also called “grantor trusts”) are one way of planning for probate avoidance.  (See my blog, “Should I Set Up a Trust?”). This article, however, delves into some of the probate alternatives where Wills are involved, instead of trusts.  I always explore the possibility…