Talk of The Villages Florida - View Single Post - Who Should You Trust About Trusts
Thread: Who Should You Trust About Trusts
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Old 03-08-2021, 03:14 PM
retiredguy123 retiredguy123 is offline
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Originally Posted by rjm1cc View Post
There is summary probate in Fl for estates under 75,000. Under certain circumstances the homestead is not counted as part of the 75000. An attorney is not needed.
Assets can avoid probate if the title to the assets is a transfer on death or the assets has a beneficiary. These are usually financial accounts. Best to discuss with an estate planning attorney.
I agree. If you can put all of your financial assets in "transfer on death" accounts and other property is owned as "joint tenants with right of survivorship", you may not need a will or a trust. Ownership will transfer automatically when you die. And, it provides peace of mind.