Some people erroneously feel that by naming beneficiaries in a Will, they will automatically receive the assets of the estate without probate. Nothing could be further from the truth. A Will names the beneficiaries who will receive a bequest in probate!!! To avoid probate, a living trust can be established, beneficiary deeds can be recorded for real estate, and automatic beneficiaries can be named on investment accounts, IRA's, bank accounts, etc. But you should establish your estate plan under the guidance of an experienced estate attorney, who can help make sure that everything is done according to the law, your wishes will be guaranteed, and that the entire estate plan dovetails together properly. Jenkins Law Center offers free, no obligation consultations for estate planning. This can be arranged at (480) 835-1500.
