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Queens Probate Attorney

How to Avoid Probate in New York

When individuals pass away, their estates will go through a probate court so that all assets can be distributed to the appropriate parties. Unfortunately, this process can be lengthy and costly, so many want to try to spare their families the difficulty. In New York, there are a few ways that people can avoid the probate process. To learn more, you can speak to a Queens probate lawyer at Pollak & Slepian, L.L.P. With over 70 years of collective legal experience, our attorneys have assisted many clients with creating an estate plan that allows them to maximize their assets. Read more about your options below:

Living Trusts

A living trust is a document that allows you to transfer ownership of your assets to your beneficiaries while still controlling them during your lifetime. You can put any asset into a trust, but many people use it for things of value like real estate, vehicles, cash, and jewelry. Once you draft the trust, you will need to name a successor trustee, who will manage the assets when you pass away, instead of the probate court.

Payable-on-Death (POD) Bank Accounts

Another option to avoid probate is to put assets into a payable-on-death bank account. This will allow you to control the account during your life, but allows your heir to be able to claim the money from the bank directly upon your death. The probate court has no need to get involved.

Joint Ownership

You may also choose to name a joint owner to your property to avoid the probate court. Once you die, the joint owner will assume control over the assets. New York allows joint tenancy or tenancy by entirety. To find out more about these, contact a probate attorney at our firm.

While these are some of the most popular options, they are by no means the only options. You may already qualify for a simplified probate procedure that will require minimal time and money.

Our Probate Lawyers Provide Suitable Options

At Pollak & Slepian, L.L.P., we are dedicated to finding a solution that meets your needs. Speak to a Queens probate attorney at the firm to learn what we can do for you. We want to make sure that your wishes are met and your assets can be transferred with ease. Call our firm today for advice that you can trust!

The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship.
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