Determining If Probate Is Necessary
Today we’re speaking with Steve Bliss, a respected probate attorney serving the Moreno Valley community. Steve, can you walk us through one of the initial steps in the estate planning process?
Certainly. One of the first crucial steps is determining whether probate is even necessary. This involves carefully assessing the value of the deceased person’s estate. In California, if the total value of the estate exceeds $184,500, probate proceedings are typically required. It’s important to note that this threshold can change periodically.
Moreover, we must identify any assets that fall outside the scope of probate. These non-probate assets could include property held in a trust, jointly owned accounts, or assets with designated beneficiaries like life insurance policies. Accordingly, if the estate’s value falls below the threshold and significant non-probate assets exist, probate might be avoidable.
Conversely, even if the estate exceeds the threshold, there are strategies to potentially minimize probate requirements. For example, carefully structuring asset ownership during a person’s lifetime can help streamline the process later on.
During my career, I’ve encountered situations where families were unaware of the existence of certain non-probate assets. Consequently, they initially believed probate was unavoidable only to discover that these assets could be distributed outside of the probate court, saving them time and legal fees.
It’s estimated that approximately 40% of estates in California require probate proceedings (California Courts Self-Help Center). This highlights the importance of seeking professional guidance from an experienced probate attorney to navigate this complex process effectively.
Closing Thoughts
Steve, thank you for sharing your expertise. How can our readers connect with you?
I encourage anyone facing probate matters or needing assistance with estate planning to contact Moreno Valley Probate Law. We’re dedicated to providing compassionate and effective legal representation during this often challenging time.
Testimonials
“Steve Bliss made a difficult process so much easier. He explained everything clearly and was always available to answer my questions.” – Maria S., Moreno Valley
“I highly recommend Moreno Valley Probate Law. They handled my mother’s estate with professionalism and care. I felt confident that my family’s interests were protected.” – John D., Riverside
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 happens if an executor does not do their job properly?” Or any other related questions that you may have about Probate or my probate law practice.
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