Determining If Probate is Necessary
Today we’re speaking with Steve Bliss, a renowned San Diego Probate Attorney, about the crucial steps involved in estate planning. Steve, can you walk us through one of the initial stages of this process?
Certainly. One of the first things we do when helping clients with estate planning is determine if probate will even be necessary. This involves a two-pronged approach. First, we look at the overall value of the deceased’s estate. In California, if the estate’s gross value is below $184,500, it may qualify for simplified procedures that bypass traditional probate.
Second, we identify assets that are not subject to probate. These might include assets held in a trust, jointly owned property with right of survivorship, or certain retirement accounts.
Avoiding Probate: Not Always Straightforward
While the process seems straightforward, there are instances where it can become complex. I remember one case involving a modest estate that initially appeared to fall under the threshold. However, upon closer examination, we discovered several sentimental items of significant value that weren’t accounted for in the initial assessment. Consequently, we had to re-evaluate and ultimately guide the family through traditional probate.
Moreover, identifying non-probate assets can be tricky. People often don’t realize which accounts are subject to probate and which aren’t. It’s crucial to have a clear understanding of account titling and beneficiary designations.
According to a 2023 report by the American Bar Association, approximately 40% of estates require formal probate proceedings. This highlights the importance of seeking professional legal advice to navigate this complex process effectively.
Seeking Guidance is Key
Steve, what would you say are some key takeaways for our viewers regarding this initial step in estate planning?
My biggest piece of advice is to consult with an experienced probate attorney early on. They can help you assess your individual situation, identify potential pitfalls, and develop a comprehensive plan that minimizes the need for probate whenever possible.
Testimonials
“Steve Bliss made navigating the probate process after my mother’s passing surprisingly manageable. He explained everything clearly and was always available to answer our questions. I highly recommend San Diego Probate Law.”
– Sarah M., San Diego
“Dealing with the loss of a loved one is difficult enough. Steve Bliss took care of all the legal complexities, allowing us to focus on grieving and honoring our father’s memory.”
– David L., La Jolla
Take Control of Your Future
Don’t wait for an unexpected event to happen. Empower yourself and your loved ones by securing a clear and concise estate plan today. Contact San Diego Probate Law to begin safeguarding your legacy.
About Steven F. Bliss Esq. at San Diego Probate Law:
Secure Your Family’s Future with San Diego’s Trusted Probate Attorney. Minimize estate taxes with stress-free Probate. We craft wills, trusts, & customized plans to ensure your wishes are met and loved ones protected.
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 San Diego Probate Law:
Address:
San Diego Probate Law3914 Murphy Canyon Rd, San Diego, CA 92123
(858) 278-2800
Map Link: https://g.co/kgs/WzT6443
Feel free to ask Attorney Steve Bliss about: “What role do beneficiaries play in probate?” Or any other related questions that you may have about Probate or my probate law practice.
Important Facts About San Diego Probate Law
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