Farrell, Hamilton & Julian, P.C.
618-208-0263

probate Archives

What is a payable on death account?

One of the easiest ways to avoid probate in Illinois is to not leave behind anything that needs to go through that process. Essentially, this means having all your assets set up to automatically transfer to another person upon your death. Many people use trusts or have joint ownership of an asset. If you have a spouse, assets typically go directly to him or her when you die. However, you may have other situations with assets where these things cannot apply. In those cases, you may consider a payable on death account.

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Godfrey, IL 62035-1686

Phone: 618-208-0263
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