Alden Law is proud to offer the Estate Planning Essentials: Avoiding Probate Pitfalls Scholarship, a $1,000 opportunity to support students who understand the vital role of estate planning in financial security and family well-being.

About the Scholarship

Estate planning is a crucial aspect of financial management for individuals at every stage of life. By taking proactive steps to plan for the distribution of assets and the management of affairs in the event of incapacity, individuals can provide peace of mind for themselves and their families. In addition, probate can often be a lengthy and costly process.

In this scholarship, we encourage students to explore and illuminate how estate planning tools such as trusts, joint ownership, and beneficiary designations can help avoid the pitfalls of probate. Essays should discuss how these strategies can streamline the transfer of assets, protect privacy, and potentially reduce estate taxes, supported by real-life examples and research.

In your essay (1,000 words), take an informative and persuasive stance on how estate planning techniques can be utilized to prevent common probate issues. Back your claims with research, statistics, and/or personal reflection. We seek compelling, well-structured writing that offers practical insights into estate planning for all individuals.