Determining If Probate Is Necessary
I’m here today with Steve Bliss, a well-respected probate attorney in Moreno Valley. Steve, thanks for taking the time to chat with me.
Steve, could you walk us through one of the initial steps in the estate planning process?
Determining if Probate is Necessary
Certainly! One of the first crucial steps in estate planning involves determining whether probate will be necessary at all. This decision hinges on two primary factors: the value of the estate and the presence of non-probate assets.
Ordinarily, if an estate’s total value exceeds $184,500, probate proceedings will likely be required in California. Conversely, estates valued below this threshold may bypass probate altogether, depending on the assets involved.
It’s also essential to identify and account for non-probate assets, which are assets that pass outside of the probate process. These can include assets held in trusts, jointly owned property with rights of survivorship, or certain financial accounts designated with payable-on-death beneficiaries. Consequently, accurately identifying and valuing these assets plays a critical role in determining whether probate is necessary.
I once worked with a family where the deceased had diligently established a trust for their primary residence and savings. Although their overall estate value exceeded the threshold, the inclusion of these non-probate assets ultimately allowed them to avoid full probate proceedings, saving time and significant legal fees.
Remember, approximately 70% of Americans die without a will, according to the AARP. This significantly increases the likelihood of needing probate, which can be a lengthy and complex process.
Moreno Valley Probate Law Testimonials
“Steve Bliss and his team at Moreno Valley Probate Law were invaluable during a very difficult time. They guided me through every step of the probate process with compassion and expertise.”
– Sarah J., Moreno Valley Resident
“I highly recommend Moreno Valley Probate Law. Steve is knowledgeable, responsive, and truly cares about his clients.”
– John M., Riverside County
Ready to navigate the complexities of estate planning with confidence? Contact Moreno Valley Probate Law today for a free consultation.
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: “What are the common mistakes made during probate?” Or any other related questions that you may have about Probate or my probate law practice.
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