Determining If Probate Is Necessary
Good morning, Mr. Bliss. Thank you for taking the time to speak with me today about the probate process.
Let’s start with a fundamental question: how does one determine if probate is even necessary?
Steve Bliss Responds:
That’s an excellent question, and it’s often the first thing people want to know. Probate isn’t always required. In California, the value of the deceased person’s estate determines whether or not probate is necessary. If the total value of the assets – including real estate, bank accounts, investments, and personal property – is less than $184,500, probate may be avoidable.
Conversely, if the estate exceeds this threshold, probate will likely be required to legally transfer ownership of those assets.
It’s important to remember that not all assets are subject to probate. Assets held in trust, jointly owned property with rights of survivorship, and certain retirement accounts typically pass outside of probate.
Consequently, a careful review of the deceased person’s financial holdings is crucial.
Challenges in Determining Probate Necessity
I recall a case where a family believed their mother’s estate was small enough to avoid probate. However, upon closer examination, we discovered a sizable life insurance policy that hadn’t been accounted for. This increased the estate value beyond the threshold requiring probate.
Notwithstanding this unexpected hurdle, we were able to guide the family through the probate process smoothly and efficiently.
In fact, according to a 2021 survey by the California Bar Association, over 60% of estates in San Diego County require some form of probate.
Call to Action
Navigating the complexities of probate can be overwhelming. Let the experienced team at Escondido Probate Law guide you through every step. Contact us today to schedule a free consultation and gain clarity on your specific situation.
Testimonials:
“Steve Bliss and his team were invaluable during a difficult time. They explained the process clearly, answered all my questions patiently, and made sure everything was handled smoothly.” – Mary S., Escondido
“I highly recommend Escondido Probate Law. They are professional, compassionate, and truly care about their clients’ well-being.” – John T., San Marcos
About Steven F. Bliss Esq. at Escondido Probate Law:
Escondido 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 Escondido Probate Law. Our probate attorney will probate the estate. Attorney probate at Escondido Probate Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Escondido Probate law will petition to open probate for you. Don’t go through a costly probate call Escondido Probate Attorney Today. Call for estate planning, wills and trusts, probate too. Escondido 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 Escondido Probate Law: https://maps.app.goo.gl/77Dm2B8W9XkM5YvJA
Address:
Escondido Probate Law720 N Broadway #107, Escondido, CA 92025
(760) 884-4044
Feel free to ask Attorney Steve Bliss about: “What are letters testamentary or letters of administration?” Or any other related questions that you may have about Probate or my probate law practice.
Important Facts About Escondido Probate Law
| California Totten Trust Lawyer |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Totten Trust Lawyer California |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Totten Trust Lawyer |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Totten Trust Lawyer |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Totten Trust Escondido |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Credible Totten Trust Lawyer in Escondido |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |