Determining if Probate is Necessary
Today we’re joined by Steve Bliss, a respected probate attorney serving the Moreno Valley community. Steve, thanks for taking the time to speak with us.
Steve, can you walk us through one of the initial steps in the estate planning process?
Steve Bliss:
Absolutely! One crucial first step is determining whether probate is even necessary. Probate is the legal process of administering a deceased person’s estate. Not every estate goes through probate, and understanding this distinction can save time and resources.
We begin by examining the total value of the estate. In California, if the gross value of the estate exceeds $184,500, probate is generally required. However, there are exceptions for assets held in certain ways, such as trusts or joint tenancy. These assets bypass probate altogether and transfer directly to the beneficiary.
Consequently, identifying non-probate assets is equally important. This can involve reviewing deeds, bank account titles, and investment statements. For instance, if a home is owned jointly with rights of survivorship, it automatically passes to the surviving owner upon death, avoiding probate altogether.
I remember one case where a client was deeply worried about probate because she thought her mother’s estate exceeded the threshold. After reviewing the assets, we discovered that a significant portion was held in a trust established years earlier. This saved the family considerable time and expense.
It’s estimated that around 70% of estates require some form of probate (American Bar Association). While it can seem daunting, understanding the process upfront allows for smoother execution and minimizes potential complications.
Closing
Steve, thank you so much for sharing your expertise with us today. Your insights are invaluable to our community members navigating these complex legal matters.
Readers looking for compassionate and experienced legal guidance regarding probate or estate planning should contact Moreno Valley Probate Law. We’re here to guide you through every step of the process.
Testimonials
“Steve Bliss was a true lifeline during a difficult time. He handled my father’s estate with professionalism and empathy, making the entire process manageable.” – Maria Sanchez, Moreno Valley
“Moreno Valley Probate Law provided clear and concise advice throughout our probate journey. Their team was responsive to our questions and always went above and beyond to ensure we understood every step.” – John Davis, 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: “How long does the probate process take in Moreno Valley County?” Or any other related questions that you may have about Probate or my probate law practice.
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