Unlike several other States where the probate process can be very cumbersome and expensive, the probate process in New Jersey is a relatively simple and inexpensive process. However, in light of the complexities encountered in other States’ probate systems, if you own real estate outside of New Jersey, you may want to avoid probate in those States.
One way to avoid real estate going through probate is to put someone else’s name on the ownership of the property. However, joint ownership of real estate is fraught with potential problems, according to the Daily Republic in "All Things Real Estate: Living trust best way to pass house to children." Among the problems with adding someone else’s name to your real estate Deed is that it makes the real estate available to that person’s creditors. That does not always become a problem; however, when it does, it is normally a big one.
A much better way to avoid having real estate go through probate is to create a Revocable Living Trust. The real estate can be transferred into the Trust and then it will not have to go through probate after the owner passes away.
An experienced estate planning attorney can advise you in creating an estate plan that fits your unique circumstances and can set up the most favorable way to distribute your assets.
Reference: Daily Republic (March 3, 2018) "All Things Real Estate: Living trust best way to pass house to children."