How to avoid expensive probate court!

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  1. Sam Jarman
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Also, if the adult was employed, check to see if they had a life insurance policy provided by the employer. (Probably not much but could help out for a few months)

brentmartin
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Remember a power of attorney only works while someone is alive. So if you have power of attorney you can add someone to that person’s accounts. But the moment they die you can no longer do that.

ecospider
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Always have 2 people on an account also solves this. But that requires an unreasonable amount of trust.

ecospider
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So how do you set this up? Does it work for self employed or people who work for companies only

LoverIsaDayy
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More importantly, dad should have made sure that his wife and son were designated as BENEFICIARIES when he opened the account. Then they would just need to prove their identity to the bank and they can take the proceeds with NO probate and NO special accounts or paperwork.

justwhistlinpixie
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