What Ancillary Probate Is and How to Avoid It (OnDemand Webinar)

$199.00

SKU: 407606EAU

Description

Learn about ancillary probate and best practices to avoid it in estate planning.Ancillary probate refers to the process of changing ownership of a piece of property in a state other than where a person lives and dies. More and more people are purchasing or inheriting property in another state to enjoy for vacations or to have ongoing rental income. Unfortunately, if a decedent lives in a different state, ancillary or secondary probate may well be needed to determine who inherits the property. This will certainly add costs and additional time to settle one’s estate and cause confusion and frustration, not to mention have impact upon taxes and potential creditors and perhaps even Medicaid planning. Sometimes ancillary probate is the only way to accomplish what the owner wants to occur after death. But for many individuals andor families, there are other options that can take place during the estate planning process that can avoid ancillary probate. This topic will help those advising clients in how to best title the deeds to their properties, the pros and cons of placing nonhomestead property in trust and what will be necessary to plan for in the event the final choice is to permit ancillary probate to occur.

Date: 2020-11-06 Start Time: End Time:

Learning Objectives

Ancillary Probate Defined
• When It Is Needed
• What Documents Must Be Provided to the Court
• Time/Cost
• Summary Admin/Small Admin/Formal Admin

How to Avoid Ancillary Probate
• Estate Planning
• Revocable Trust
• Deed Into Trust• Avoid UPL
• Joint Ownership • Deed Requirements to Ensure
• Transfer on Death Deeds
• Life Estate
• LadyBird Deed

Pros and Cons of Ancillary Probate
• Time/Cost
• Differences Between States
• Guardianship Issues
• Jurisdictional Disputes

How to Obtain Transfers
• How to Find the Right Attorney in Another State
• Impact Upon Domiciliary Estate
• How to Locate Non-Domiciliary Property

CLE (Please check the Detailed Credit Information page for states that have already been approved) ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

Vicki Levy Eskin-Levy & Associates, PA