How can I avoid probate with my ownership in an LLC or Corporation?
The company has the ability to set up a procedure to be followed in order to effectuate the transfer of the security from the deceased owner to the beneficiary. This process will typically be for the beneficiary to provide the company with the deceased owner’s death certificate along with an affidavit from the beneficiary establishing the right of the beneficiary to the transfer of the security. A TOD on a security is a great estate planning tool to avoid probate when the security is to be transferred to a spouse or family member.
If you are unsure if any security that you own does or does not contain a TOD, do not hesitate to be in contact to review.
Do you have questions about avoiding probate with your LLC or Corporation?
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Chris Corpus
Founding Partner at Corpus Law Inc