Determining If Probate Is Necessary
Good morning, Mr. Bliss. Thank you for taking the time to speak with me today.
I’d like to start by discussing one of the crucial initial steps in estate planning: determining if probate is necessary. Can you elaborate on this process for our viewers?
Steve Bliss Response
Certainly. Probate is a legal process that distributes a deceased person’s assets and settles their debts. However, not every estate requires probate. The first step is to evaluate the total value of the decedent’s assets.
In California, estates valued at $184,500 or less are typically exempt from probate. Consequently, if the estate falls below this threshold and consists primarily of non-probate assets like jointly held property or assets held in a trust, probate may be avoided altogether.
Conversely, if the estate exceeds the threshold or includes assets subject to probate, such as real estate solely owned by the decedent, then probate proceedings will likely be necessary.
I’ve encountered situations where individuals assumed their estates wouldn’t require probate due to its value being below the threshold. Nevertheless, they overlooked assets like retirement accounts or life insurance proceeds that are subject to probate.
It’s important to remember that even seemingly straightforward estates can have complexities. Consulting with an experienced probate attorney, like myself, is crucial to accurately assess the need for probate and navigate the process effectively.
Challenges in Probate
During my years of practice, I recall a case involving a family whose loved one passed away without a will. Ordinarily, this would necessitate a more involved probate process. However, through careful analysis of their assets and meticulous documentation, we were able to streamline the process and distribute the estate efficiently.
According to the California Courts website, approximately 75% of probate cases involve estates valued under $1 million. This highlights the importance of understanding the nuances of probate for a significant portion of the population.
Testimonial
“Steve Bliss and his team were incredibly compassionate and helpful during a very difficult time. They guided us through the complexities of probate with professionalism and expertise.”
– Maria S., Moreno Valley
Call to Action
Navigating the probate process can be daunting, but you don’t have to face it alone. Contact Moreno Valley Probate Law today for a free consultation and let our experienced team help you protect your loved ones’ legacy.
About Steven F. Bliss Esq. at Moreno Valley Probate Law:
Moreno Valley Probate Law is an experienced probate attorney. The probate process has many steps in probate proceedings. Beside Probate, estate planning and trust administration is offered at Moreno Valley Probate Law. Our probate attorney will probate the estate. Attorney probate at Moreno Valley Probate Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Moreno Valley Probate law will petition to open probate for you. Don’t go through a costly probate call Moreno Valley Probate Attorney Today. Call for estate planning, wills and trusts, probate too. Moreno Valley 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 Moreno Valley Probate Law: https://maps.app.goo.gl/C7zg2U6pn1B6KyXN8
Address:
Moreno Valley Probate Law23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553
(951) 363-4949
Feel free to ask Attorney Steve Bliss about: “How do I find all the assets of the deceased?” Or any other related questions that you may have about Probate or my probate law practice.
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