This must be the season. Maybe it’s because snowbirds return to Arizona. It seems many companies are advertising in newspapers or sending out mailers warning of the perils of probate. They warn that your survivors are likely to be required to pay huge fees, and that your assets will be eaten up by the cost and expense of probate. In order to avoid probate, you must have a trust, according to the advertisers. So, you are invited to a “seminar” where you may be fed both food and information (and maybe misinformation), and you will be pressured into having a trust done by their company.
In response to many of their account holder’s families, Facebook announced it has a new feature that allows users to designate what Facebook calls a Legacy Contact for their Facebook accounts. What this means is you can now directly let Facebook know who will be in control of your account after you die.