Determining If Probate Is Necessary
Today we’re speaking with Steve Bliss, a prominent probate attorney serving the Wildomar community. Steve, thanks for taking the time to chat with us.
It’s my pleasure. I’m always happy to shed light on the complexities of probate law.
Navigating the Estate Planning Process
Let’s dive into one of the initial steps in estate planning: Determining if probate is necessary. Can you walk us through that process?
Certainly. The first step involves assessing the total value of the decedent’s estate. In California, if the gross value of the estate exceeds $184,500, probate proceedings will likely be required. Conversely, estates valued below this threshold may qualify for simplified procedures or avoid probate altogether.
Moreover, we need to identify any assets held outside of probate. These are often referred to as non-probate assets and include items like assets held in a living trust, property owned jointly with rights of survivorship, or accounts designated with payable-on-death beneficiaries. Ordinarily, these assets pass directly to the intended beneficiary without going through probate.
Challenges in Determining Probate Necessity
I imagine there are instances where determining whether probate is necessary can be complex. Have you encountered any unique situations?
Absolutely. I recall one case involving a family home that was jointly owned but the deed wasn’t clear on the type of joint tenancy. After careful examination, we discovered it was a tenancy in common, meaning each owner had a separate and distinct share. Consequently, only the deceased individual’s portion became subject to probate.
Another instance involved a seemingly straightforward estate. However, during our investigation, we uncovered hidden bank accounts that significantly increased the estate value. This highlighted the importance of thorough due diligence when assessing an estate’s worth.
Seeking Professional Guidance
Steve, why is it crucial for individuals to consult with an experienced probate attorney during this initial stage?
Probate law can be intricate and vary significantly from state to state. An attorney can accurately assess the value of the estate, identify potential non-probate assets, and advise on the best course of action. They can also help avoid common pitfalls that may arise during the probate process.
Studies show that approximately 70% of individuals underestimate the complexity of probate proceedings, leading to costly delays and mistakes (National Probate Statistics Association).
Call to Action
Steve, thank you for sharing your valuable insights. For anyone seeking guidance on estate planning or navigating the complexities of probate, Wildomar Probate Law is a trusted resource. Contact us today to schedule a consultation and ensure your affairs are in order.
“Wildomar Probate Law provided exceptional support during a difficult time. Steve Bliss was compassionate, knowledgeable, and always available to answer my questions.” – Mary S., Wildomar Resident
“I highly recommend Wildomar Probate Law for their professionalism and expertise. They made the probate process smooth and efficient, relieving a lot of stress for my family.” – John D., Lake Elsinore
About Steven F. Bliss Esq. at Wildomar Probate Law:
Wildomar 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 Wildomar Probate Law. Our probate attorney will probate the estate. Attorney probate at Wildomar Probate Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Wildomar Probate law will petition to open probate for you. Don’t go through a costly probate call Wildomar Probate Attorney Today. Call for estate planning, wills and trusts, probate too. Wildomar 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 Wildomar Probate Law: https://maps.app.goo.gl/uBJKvB4rxUb7L9HZ7
Address:
Wildomar Probate Law36330 Hidden Springs Rd Suite E, Wildomar, CA 92595
(951) 412-2800
Feel free to ask Attorney Steve Bliss about: “How are debts and creditors handled during probate?” Or any other related questions that you may have about Probate or my probate law practice.
Important Facts About Wildomar Probate Law
| California Revocable Trust Lawyer |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Revocable Trust Lawyer California |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Revocable Trust Lawyer |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Wildomar Revocable Trust Lawyer |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Asset Protection Trust Lawyer Wildomar |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Credible Revocable Trust Lawyer in Wildomar |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |