Looking to Avoid Probate Proceedings?

An Attorney From Perry, Murr, Teel & Koenenn Can Help!

When someone passes away owning any measurable assets in their name alone, especially real estate property, the estate will have to go through probate to arrange for the distribution of the decedent's assets and to transfer title of the decedent's property to the beneficiaries named in the will. Since probate proceedings can be a long, confusing and costly process, it's no wonder why so many people take steps to spare their families the hassle and expense. If you want to prevent your family from having to go through probate after your death, you should contact a Gulfport estate planning attorney from Perry, Murr, Teel & Koenenn as soon as possible.

In Mississippi there are several methods for reducing probate assets or avoiding the process altogether, with the revocable living trust being one of the tools that are suitable for most families. With the revocable living trust, if funded properly, you can use the trust to avoid probate for virtually every asset that you own including real estate property, bank accounts, automobiles and so on. With a revocable living trust, you can serve as the trustee while you're alive and when you pass away, a successor trustee takes over. Since the assets are property of the trust, ownership is transferred to your beneficiaries automatically upon your death according to the terms of the trust, all without the need for probate.

Other common tools for reducing probate assets and/or avoiding probate include: payable-on-death bank accounts, transfer-on-death registration for securities, joint ownership with the "right of survivorship" or tenancy by entirety and simplified probate procedures.

If you desire to avoid probate, contact Perry, Murr, Teel & Koenenn for professional assistance. With 130 years of combined experience handling estate planning and probate, we can show you how!

Why Perry, Murr, Teel & Koenenn Should Be Your First Call:

• We have 130 years of combined experience practicing law.
• We have a former insurance defense attorney on our team.
• We have a former IRS officer on our legal team.
• Attorney Thomas W. Teal is an author who has spoken at more than fifty (50) seminars for judges and attorneys on several topics including real property, estates and family law.
• Our attorneys are rated BV Distinguished® by the Martindale-Hubbell® Law Directory.
• We also assist clients with real estate law, business law, and family law, all of which can tie into estate planning.
• We offer free case evaluations for prospective clients.

To learn more about our outstanding legal team, read our attorney profiles!