EMILY JACKSON

Emily Jackson is a $45$ yr old divorcee with two children Amy who is $25$ and Glenn who is $20.$

Recently, Emily's friend's mom passed and she saw how long the probate process takes, which stressed

her friend out.

Emily made an appointment with you to discuss avoiding probate with her estate.

Her asset inventory is

as follows:

She is a marketing director for a small company $-$ annual salary $85,000.$

New Condo Value $235,000$ mortgage $125,000$

$401k-145,000$

IRA $($ QDRO from her ex husband$)125,000$

Savings$/$checking at the credit union $15,000$

Personal belongings $$5000$

What assets of Emily's are subject to probate? How can she avoid probate all together?