Determining If Probate Is Necessary
Good evening San Diego and welcome back! Tonight we’re joined by renowned probate attorney Steve Bliss of San Diego Probate Law to discuss a critical first step in estate planning: determining if probate is even necessary. Steve, thanks for being with us tonight.
Steve Bliss: Thank you for having me. It’s important for people to understand that not all estates require probate. This process can be lengthy and sometimes costly, so knowing if it’s truly needed saves time and resources.
Understanding the Probate Threshold
So, Steve, walk us through how someone would know if their estate needs to go through probate. What are some key factors?
Steve Bliss: The primary factor is the value of the estate. In California, estates valued at $184,500 or less generally don’t require probate. Consequently, many individuals with modest assets can avoid this process altogether. It’s also important to consider non-probate assets.
Steve continues: These are assets that pass directly to beneficiaries outside of the will, such as those held in joint tenancy or within a trust. Moreover, identifying these assets is crucial because they don’t become part of the probate estate.
Navigating Complexities
I imagine there can be complexities even when an estate seems straightforward. Have you ever encountered situations where determining the need for probate wasn’t initially clear-cut?
Steve Bliss: Certainly. I recall a case involving a family home. While the total value of the estate appeared to be under the threshold, it turned out a significant portion was held in a trust that hadn’t been properly funded. This meant the house itself became subject to probate. It highlights how crucial careful estate planning is.
Steve adds: Remember, even seemingly small details can make a big difference. It’s always best to consult with an experienced attorney who can thoroughly analyze your individual situation.
Testimonial
“San Diego Probate Law made a difficult time so much easier. They were patient, understanding, and always explained things clearly. I highly recommend them.”
Call to Action
Ready to take control of your future and ensure your loved ones are cared for? Contact San Diego Probate Law today for expert guidance on estate planning and probate matters.
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: “Can life insurance proceeds be subject to probate?” Or any other related questions that you may have about Probate or my probate law practice.
Important Facts About San Diego Probate Law
| California Spendthrift Trust Lawyer |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Spendthrift Trust Lawyer California |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Spendthrift Trust Trust Lawyer |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| San Diego Spendthrift Trust Lawyer |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Spendthrift Trust San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Credible Spendthrift Trust Lawyer in San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |