Avoiding probate and minimizing estate taxes are legitimate estate planning goals, but they should not be the sole focus of any estate plan.
Proper estate planning is a much broader discussion that you should have with a qualified estate attorney, but we’re going to offer some items you can further explore with an attorney who can review all the specifics of your situation.
Probate is the legal process for settling the debts of a deceased person and distributing the remaining estate to the deceased person’s heirs, said Andrew Novick, a certified financial planner and estate planning attorney with The Investment Connection and Brookner Law Offices in Bridgewater.
Read more: https://www.nj.com/news/2021/03/how-can-we-avoid-probate-and-avoid-taxes-for-our-children.html
