There could also be gift tax implications if you add a non-spouse as a joint owner to an account or property. Another probate alternative is using Payable-On-Death (POD) designations for bank ...

New analysis of Freedom of Information (FoI) data obtained from the Ministry of Justice by Quilter, the financial adviser and ...

Probate is public, takes a long time ... Transfers to an irrevocable trust can trigger gift taxes, but they can still save income, gift or estate taxes in the long run, depending on the facts.