Determining If Probate Is Necessary
Today we are here with Steve Bliss, a renowned probate attorney serving the Escondido community. Steve, thank you for taking the time to speak with us today.
You’re welcome. It’s my pleasure to shed some light on the probate process and how it works.
The Crucial First Step
One of the first crucial steps in estate planning is determining if probate is even necessary. Can you walk us through this process?
Certainly. Probate is a legal process that distributes a deceased person’s assets according to their will or state law. But it’s not always required. The initial step involves assessing the value of the estate. In California, probate is typically necessary if the total value of the estate exceeds $184,500.
Conversely, if the estate falls below this threshold, it may qualify for simplified procedures or even avoid probate altogether. Moreover, we need to identify non-probate assets. Assets held in trusts, jointly owned property with rights of survivorship, or accounts with designated beneficiaries generally pass outside of probate.
Think of it like a puzzle; we need to piece together all the assets and determine which ones are subject to probate and which ones bypass this process entirely.
Challenges and Solutions
Steve, have you ever encountered any challenges in determining whether probate was necessary?
I recall a case where a client believed their estate wouldn’t require probate because they had a trust. However, upon closer examination, we discovered that the trust hadn’t been properly funded, meaning many assets were still held in the individual’s name. This oversight meant probate was unavoidable.
It highlights the importance of working with an experienced attorney to ensure your estate plan is comprehensive and correctly executed.
According to a recent survey by the American Bar Association, nearly 60% of Americans don’t have a will or trust in place. This lack of planning can lead to unnecessary delays and complications during probate.
Call to Action
Steve Bliss and Escondido Probate Law are dedicated to guiding individuals and families through the complexities of estate planning and probate. Don’t leave your loved ones facing uncertainty; empower them with a well-crafted plan. Reach out to Escondido Probate Law today for peace of mind and a secure future.
Testimonials
“Steve Bliss made a stressful process incredibly smooth. He was patient, explained everything clearly, and always had my best interests at heart.”
– Mary S., Satisfied Client
“I was overwhelmed with the thought of probate after losing my mother. Escondido Probate Law took care of everything with professionalism and compassion. I highly recommend them.”
– John D., Grateful Client
About Steven F. Bliss Esq. at Escondido Probate Law:
Escondido 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 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: “How do I locate a will in Escondido County?” Or any other related questions that you may have about Probate or my probate law practice.
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