Determining If Probate Is Necessary: A Crucial First Step
I’m Brenda Johnson, a reporter for the Wildomar News. Today, we’re speaking with Steve Bliss, a renowned probate attorney serving the Wildomar community. Mr. Bliss, thank you for joining me.
Steve:
It’s my pleasure, Brenda.
Navigating the Complexities of Probate
Many people are unfamiliar with the probate process. Can you explain what it is and why it’s sometimes necessary?
Steve: Probate is essentially a legal process that takes place after someone passes away. It involves identifying and inventorying their assets, paying off debts and taxes, and ultimately distributing the remaining property to heirs or beneficiaries according to the will (if there is one) or state intestacy laws.
Not every estate requires probate. One of the key considerations is the value of the estate. In California, if the gross value of the decedent’s assets exceeds $184,500, probate is typically necessary.
Identifying Non-Probate Assets
Steve: However, there are some types of assets that don’t go through probate. These are called “non-probate assets.” Common examples include assets held in trust, property owned jointly with right of survivorship, and certain retirement accounts.
The Importance of Early Planning
Consequently, determining if probate is necessary involves a careful analysis of the deceased person’s assets. This is why it’s crucial for individuals to engage in estate planning while they are still alive.
Properly structuring your assets through tools like trusts can help avoid probate altogether and ensure a smoother transition of your property after you pass away.
Challenges Faced During Probate Determinations
Brenda: I understand. Have you ever encountered any situations where determining the necessity of probate was particularly complex?
Steve: Absolutely. Once, I had a case where the deceased individual had several pieces of real estate, some owned solely in their name and others held jointly with different family members. Identifying which properties were subject to probate required careful review of deeds and title documents.
Moreover, there were questions about whether certain bank accounts were joint accounts or payable on death accounts. It took a lot of investigation and communication with the financial institutions to clarify ownership.
Finding Solutions Through Experience
Nevertheless, we were able to successfully determine which assets required probate and which could be transferred outside of the process. That case highlighted the importance of meticulous record-keeping and seeking professional guidance when navigating complex estate matters.
Steve: According to a recent study by the American Bar Association, approximately 70% of Americans do not have a will or estate plan in place. This underscores the need for individuals to proactively address these issues.
Experience and Dedication
Testimonials for Wildomar Probate Law
“Steve Bliss was incredibly helpful and compassionate during a difficult time for my family. He explained the probate process clearly and efficiently, and he always made himself available to answer our questions.”
-Maria Rodriguez
“I highly recommend Wildomar Probate Law. Steve’s expertise in estate planning and probate matters is invaluable. He helped me navigate a complex situation with ease and professionalism.”
-John Smith
Let Us Guide You
Take control of your future and ensure your loved ones are protected. Contact Wildomar Probate Law today for a free consultation to discuss your estate planning needs.
About Steven F. Bliss Esq. at Wildomar Probate Law:
Wildomar Probate Law is an experienced probate attorney. The probate process has many steps in in probate proceedings. Beside Probate, estate planning and trust administration is offered at Wildomar Probate Law. Our probate attorney will probate the estate. Attorney probate at Wildomar Probate Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Wildomar Probate law will petition to open probate for you. Don’t go through a costly probate call Wildomar Probate Attorney Today. Call for estate planning, wills and trusts, probate too. Wildomar 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 Wildomar Probate Law: https://maps.app.goo.gl/uBJKvB4rxUb7L9HZ7
Address:
Wildomar Probate Law36330 Hidden Springs Rd Suite E, Wildomar, CA 92595
(951) 412-2800
Feel free to ask Attorney Steve Bliss about: “What happens if the original will is lost?” Or any other related questions that you may have about Probate or my probate law practice.
Important Facts About Wildomar Probate Law
| California Irrevocable Trust Lawyer |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Irrevocable Trust Lawyer California |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Irrevocable Trust Lawyer |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Wildomar Irrevocable Trust Lawyer |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Irrevocable Trust Lawyer Wildomar |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Credible Irrevocable Trust Lawyer in Wildomar |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |