Daily Question is excerpted from the JustAnswer archives and features information provided from an expert on JustAnswer.
Q: Is there any way I can make sure my sole beneficiary (daughter) escapes dealing with probate issues when I pass away?
A: You can avoid probate by establishing a trust. A local lawyer can draft a trust rather inexpensively. All your possessions go into the trust. You make yourself the current trustee and your daughter the successor trustee.
Upon your passing, she automatically takes control of all your possessions, property, accounts, etc., that were put into the trust.
– Answer from EstateLawNate, lawyer and expert on JustAnswer.
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