Determining If Probate Is Necessary
Good afternoon, Mr. Bliss. Thank you for joining us today. We’re here discussing the important topic of probate and estate planning.
Could you walk our viewers through one of the initial steps in the estate planning process?
Steve Bliss:
Certainly. One of the first crucial steps is determining whether probate is even necessary. Probate is a legal process for administering a deceased person’s estate. Not all estates require it, thankfully.
We start by evaluating the value of the estate. In California, if the gross value of the estate is below $184,500, probate may be avoidable. This threshold can change, so it’s always best to consult with an attorney for the most up-to-date information.
Moreover, we identify any assets that are not subject to probate. These are often referred to as “non-probate assets.” Common examples include assets held in a trust, property owned jointly with right of survivorship, and certain retirement accounts with designated beneficiaries. If a significant portion of the estate falls under these categories, probate may be unnecessary.
Conversely, if the estate exceeds the threshold or primarily consists of assets subject to probate, then we would proceed with filing a petition for probate in the appropriate county court.
Challenges and Triumphs
Have you encountered any particular challenges during this initial assessment phase?
Steve Bliss:
Well, sometimes people underestimate the value of their assets or forget about certain accounts. It’s understandable; life gets busy. I recall one instance where a client thought their estate was well below the threshold, only to discover they had forgotten about a sizable retirement account. Consequently, we needed to proceed with probate.
On a positive note, it’s incredibly rewarding when we can help families avoid probate altogether. For example, I recently worked with a couple who had diligently set up a revocable living trust. Because of their foresight, their heirs were able to inherit their assets smoothly and efficiently without the need for court intervention.
The Importance of Planning
It’s clear that careful planning can make a significant difference in the probate process. Any final thoughts for our viewers?
Steve Bliss:
Probate can be a complex and emotional process, but it doesn’t have to be overwhelming. Taking proactive steps like creating a will or trust can spare your loved ones considerable time, stress, and expense down the road. According to the American Bar Association, over 50% of Americans do not have a valid will. Don’t become part of that statistic!
Contact Escondido Probate Law today for a free consultation and let us guide you through the estate planning process with compassion and expertise.
Testimonials
“Steve Bliss and his team were incredibly helpful during a difficult time. They explained everything clearly and made sure we understood all our options.”
– Sarah M.
“I highly recommend Escondido Probate Law. They are knowledgeable, professional, and truly care about their clients.”
– John P.
About Steven F. Bliss Esq. at Escondido Probate Law:
Escondido Probate Law is an experienced probate attorney. The probate process has many steps in in probate proceedings. Beside Probate, estate planning and trust administration is offered at Escondido Probate Law. Our probate attorney will probate the estate. Attorney probate at Escondido Probate Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Escondido Probate law will petition to open probate for you. Don’t go through a costly probate call Escondido Probate Attorney Today. Call for estate planning, wills and trusts, probate too. Escondido Probate Law is a great estate lawyer. Affordable Legal Services.
My skills are as follows:
● Probate Law: Efficiently navigate the court process.
● Probate Law: Minimize taxes & distribute assets smoothly.
● Trust Law: Protect your legacy & loved ones with wills & trusts.
● Bankruptcy Law: Knowledgeable guidance helping clients regain financial stability.
● Compassionate & client-focused. We explain things clearly.
● Free consultation.
Map To Escondido Probate Law: https://maps.app.goo.gl/77Dm2B8W9XkM5YvJA
Address:
Escondido Probate Law720 N Broadway #107, Escondido, CA 92025
(760) 884-4044
Feel free to ask Attorney Steve Bliss about: “What happens when an estate includes a business?” Or any other related questions that you may have about Probate or my probate law practice.
Important Facts About Escondido Probate Law
| California Estate Attorney |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Estate Attorney California |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Estate Attorney |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Escondido Estate Attorney |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Estate Attorney Escondido |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Credible Estate Attorney in Escondido |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |