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  2. I Live in Virginia. How Can I Avoid Probate? - AOL

    www.aol.com/finance/live-virginia-avoid-probate...

    Heirs in Virginia can avoid probate entirely for estates under $50,000 by using a small estate affidavit.This legal form lets one heir collect assets by swearing they’re entitled to the assets.

  3. Probate - Wikipedia

    en.wikipedia.org/wiki/Probate

    In common law jurisdictions, probate is the judicial process whereby a will is "proved" in a court of law and accepted as a valid public document that is the true last testament of the deceased; or whereby, in the absence of a legal will, the estate is settled according to the laws of intestacy that apply in the state where the deceased resided at the time of their death.

  4. Heir property - Wikipedia

    en.wikipedia.org/wiki/Heir_property

    Heirs property, or heirs' property, refers to property that is passed between generations of family members without the involvement of local probate courts, without a will or formal estate strategy. [1] Heir property is commonly viewed as an unstable form of ownership, since co-owners often have limited rights over the property. [2]

  5. United States trust law - Wikipedia

    en.wikipedia.org/wiki/United_States_trust_law

    As of July 2012, 25 states have adopted some substantive form of the UTC, with three others having introduced it into the legislature for adoption. [ 2 ] The goal of the uniform law is to standardize the law of trusts to a greater extent, given their increased use as a substitute for the "last will and testament" as the primary estate planning ...

  6. What happens to your bank account after you die? - AOL

    www.aol.com/finance/what-happens-to-bank-account...

    Without them — and the clear instructions they bring on who the money goes to — the money in your bank account becomes a part of your estate and is likely to go through the probate process.

  7. Disclaimer of interest - Wikipedia

    en.wikipedia.org/wiki/Disclaimer_of_interest

    An affidavit may be required in which the disclaiming party must swear that he has not received any consideration (i.e., compensation) for the disclaimer. The disclaimer must also occur before the disclaiming party has enjoyed any benefits of the trust or inheritance.

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