Yes. My sister's son, a lawyer, recommended this for my Mom so we don't have to go through probate. Since I live with my Mom my name is on her checking account (I have my own) and we had the savings bonds changed to both our names since my dad passed away so the only asset left is the house. When Mom passes away I'll be able to sell the house right away and split the proceeds with my sisters as Mom wanted. I think it cost $250, maybe more. We used a lawyer who specializes in elder law.