Can I avoid probate if I have minimal assets?

 

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You can avoid or simplify the probate process by utilizing certain tools such as joint ownership or beneficiary designations. Those methods allow you to transfer assets directly to beneficiaries or to the surviving owners um on accounts. Now, assets that are in your sole name or that are payable to your estate upon your death, those assets would need to be probated. A common example of an asset that could be in your sole name is real estate. If those assets that are left in your probate estate or that are in your sole

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name are valued at less than $50,000, this is within the state of Tennessee. Um, and this is excluding real estate that could pass. A small estate affidavit may be filed in lie of a full probate proceeding.

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