Individually owned banking accounts can be easily set up to avoid probate by creating

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A payable-on-death (POD) designation allows the account holder to name a beneficiary who will receive the assets in the account upon the account holder's death, without the need for probate. This is the easiest and most straightforward way to avoid probate for individually owned banking accounts. A will and revocable trust may also avoid probate, but they are more complex and require more planning and legal assistance. Guardianship is not relevant to this question.

Individually Owned Banking Accounts Can Be Easily Set Up to Avoid