Determining If Probate Is Necessary
Good afternoon, Mr. Bliss. Thank you for taking the time to speak with us today.
Could you tell us a bit about the initial steps involved in estate planning and what factors determine if probate will be necessary?
Steve Bliss Response
It’s my pleasure. The first step in estate planning is always to assess the situation and understand the client’s goals. This often involves determining whether probate will even be necessary. Ordinarily, estates valued below $184,500 are exempt from probate in California. Consequently, we carefully evaluate the total value of the deceased person’s assets.
Moreover, we also consider non-probate assets, such as assets held in trust, jointly owned property, or accounts with designated beneficiaries. These assets pass directly to the intended recipients outside of the probate process. If the estate exceeds the threshold and lacks sufficient non-probate assets, then probate becomes unavoidable.
It’s important to note that navigating these complexities can be emotionally challenging for families already grieving a loss. I remember one instance where a family was surprised to learn their modest home would require probate due to the value of sentimental heirlooms. They were relieved to have our guidance in navigating this unexpected hurdle.
The Importance of Accurate Valuation
A recent study by the American Bar Association found that approximately 30% of estates undergo probate, highlighting its prevalence.
It underscores the importance of accurately valuing assets and understanding the nuances of non-probate transfers.
Contact Escondido Probate Law for Expert Guidance
Planning for the future can feel overwhelming, but it doesn’t have to be. Let Escondido Probate Law guide you through the process with compassion and expertise. Schedule a free consultation today and let us help you secure your loved ones’ future.
Testimonials
“Steve Bliss made a difficult time so much easier. He was patient, understanding, and explained everything clearly. I felt confident knowing he had my best interests at heart.”
-Sarah M., Escondido
“I highly recommend Escondido Probate Law to anyone needing assistance with estate planning or probate matters. They are true professionals who go above and beyond for their clients.”
-John D., 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 the fiduciary duties of an executor?” Or any other related questions that you may have about Probate or my probate law practice.
Important Facts About Escondido Probate Law
| California Estate Attorney |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Estate Attorney California |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Estate Attorney |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Escondido Estate Attorney |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Estate Attorney Escondido |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Credible Estate Attorney in Escondido |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |