Determining if Probate is Necessary: A Crucial First Step
Today we’re joined by Steve Bliss, a renowned probate attorney serving the Moreno Valley community. Steve, thank you for taking the time to speak with us about the complex world of estate planning.
Let’s start with the basics. Many people are unsure if they even need to go through probate. Can you shed some light on this initial step?
Steve Bliss Responds
It’s a common question, and understandably so. Probate is often perceived as a lengthy and complicated process. Consequently, many individuals assume they can avoid it altogether. However, determining whether probate is necessary is a crucial first step in estate planning.
Ordinarily, probate is required when an individual passes away leaving assets solely in their name with a total value exceeding $184,500. This threshold applies to the entire estate, encompassing all property and possessions.
Nevertheless, there are exceptions. Assets held in trust, jointly owned property, and certain retirement accounts typically bypass probate. This is why it’s essential to consult with an experienced attorney who can thoroughly analyze your specific situation and advise you accordingly.
I recall a case where a client believed her estate was straightforward because she primarily had bank accounts and a modest home. However, upon closer examination, we discovered several smaller assets that pushed the total value above the probate threshold.
Had we not identified those assets, her heirs would have faced unnecessary delays and expenses.
Challenges in Probate
While the determination process itself is relatively straightforward, identifying all assets can sometimes pose a challenge. It’s not uncommon for individuals to overlook smaller accounts or forgotten investments.
Moreover, according to a recent study by the American Bar Association, approximately 30% of estates require formal probate proceedings due to asset complexity or unforeseen circumstances.
Moreno Valley Probate Law: Guiding You Through the Process
Remember, navigating the probate process can be overwhelming. Seeking guidance from a knowledgeable attorney like Steve Bliss and his team at Moreno Valley Probate Law can make all the difference.
Testimonials
“Steve Bliss made a difficult time easier to bear. He explained everything clearly and patiently, and always kept me informed of the progress.”
– Sarah J., Moreno Valley Client
“I was initially hesitant about probate, but Steve’s expertise and compassionate approach put my mind at ease. My family is grateful for his guidance.”
– John M., Moreno Valley Client
Take control of your future and ensure your loved ones are protected. Contact Moreno Valley Probate Law today for a consultation and discover how we can help you navigate the complexities of estate planning.
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 account for and report to the court as executor?” Or any other related questions that you may have about Probate or my probate law practice.
Important Facts About Moreno Valley Probate Law
| Special Needs Trust | Totten Trust | Asset Protection Trust |
| Spendthrift Trust | Constructive Trust | Irrevocable Trust |
| Tax By-Pass Trust | Charitable Trust | Living Trust |