Administration of small estates - The Probate Nation

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ADMINISTRATION OF SMALL ESTATES

Attorneys Southy Walton with Ferguson Walton & Shansab, PLLC in Reston and Jonathan Bronley with Bronley Law, PLLC in Fairfax City discuss the administration and probate of a small estate, including:

the benefit of avoiding qualification to administer an estate,
what are nonprobate assets and transfers, including JTWROS accounts, joint accounts, TOD and POD accounts, life insurance, TOD deeds for real estate, retirement accounts and annuities,
what is a small estate
two small estate probate procedures available in Virginia, and
planning that can be done to minimize probate including the use of revocable trusts, titling of assets and beneficiary designations.

Recorded March 2016. Broadcast 6-28-2016