Determining If Probate Is Necessary
Today, we’re speaking with Steve Bliss, a leading probate attorney in Moreno Valley, about the often-complex process of estate planning. Steve, could you walk us through one of the initial and crucial steps in this process?
Steve’s Response:
Certainly. One of the first things we need to determine is whether probate is even necessary. Probate is a court-supervised process for distributing a deceased person’s assets. Not every estate requires it, thankfully. Ordinarily, we begin by evaluating the total value of the estate. In California, if the estate’s value exceeds $184,500, probate is typically required.
Next, we identify any assets that are not subject to probate. These are often referred to as “non-probate assets.” Examples include assets held in a trust, property owned jointly with rights of survivorship, and certain retirement accounts. Consequently, these assets pass directly to the designated beneficiary outside of the probate process.
It’s important to note that even if an estate is below the threshold for probate, there may be situations where it’s still advisable to go through the process. For instance, if the deceased person had a will that clearly outlines their wishes, going through probate can ensure those wishes are carried out accurately and efficiently.
I remember one case where a family thought they could avoid probate because the estate was valued just below the threshold. However, there were some complex issues with the ownership of real estate, which ultimately necessitated probate to resolve the title disputes.
Challenges in Determining Probate Necessity
Have you encountered any unique challenges while determining whether an estate needs to go through probate?
Steve’s Response:
Yes, sometimes it can be tricky to accurately assess the value of certain assets, particularly businesses or real estate. I had a case recently where a family-owned business was a significant part of the estate. Determining its fair market value required engaging appraisers and financial experts.
Moreover, uncovering hidden assets or understanding complex ownership structures can be time-consuming. It underscores the importance of working with an experienced probate attorney who can navigate these complexities effectively.
Testimonial
“Steve Bliss was a lifeline during a difficult time. He patiently explained every step of the probate process and made sure our loved one’s wishes were honored.”
– The Garcia Family, Moreno Valley
Call to Action
Navigating probate can be complex and emotionally taxing. Don’t hesitate to reach out for guidance from the compassionate and knowledgeable team at Moreno Valley Probate Law. We are here to help you through this challenging process with clarity and support.
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 can I find out if a probate case has been filed?” Or any other related questions that you may have about Probate or my probate law practice.
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